Warren Buffett: Warren Buffett makes gifts to charity worth $1.53B

04.07.2009 02:50

Billionaire Warren Buffett has donated $1.25 billion in Berkshire Hathaway Inc. stock to the Bill & Melinda Gates Foundation.

The gift is the third installment in Buffett's plan to transfer the majority of his wealth to the Seattle-based foundation run by the Microsoft Corp. chairman and his wife. The foundation is the world's largest with an endowment of $27.5 billion as of April 2009.

Last year, before the recession depressed Berkshire Hathaway's stock, Buffett's gift of a similar number of shares was worth $1.8 billion, or 30 percent more.

Thursday's filing with the Securities and Exchange Commission also lists donations of shares of Class B stock worth $125 million to the Susan Thompson Buffett Foundation and nearly $50 million each to the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation.

Class B shares were worth $2,924 at the close of trading July 1, the day Buffett transferred their ownership.

Omaha, Neb.-based Berkshire Hathaway owns a mix of more than 60 companies, including insurance, furniture, carpet, jewelry, restaurants and utility businesses. 

The Associated Press

JanHýsek.com

Přidat.eu záložku

Financial News

08.06.2011 23:34
Warren Buffett's True Investment Strategy Prepare to be shocked (or at least I hope to shock you). This is Warren Buffett’s investment strategy. I hate to break this to you, but Warren Buffett has been lying to the public for years, all the while putting on a straight face. This is how Warren...
30.05.2011 16:58
Undervalued Large Caps to Buy and Hold JASO JA Solar (JASO) - Chinese solar shorts are constantly blabbing about Italian subsidies, Angela Merkel, or some strange number that they claim will destroy the industry by the end of next week. The financial statements, however, are telling a completely...
04.07.2009 02:50
Billionaire Warren Buffett has donated $1.25 billion in Berkshire Hathaway Inc. stock to the Bill & Melinda Gates Foundation. The gift is the third installment in Buffett's plan to transfer the majority of his wealth to the Seattle-based foundation run by the Microsoft Corp. chairman and his...

Chcete investovat na burze a nevíte jak začít? Napište nám

Zkušenosti

Také máte někdy pocit, že kam se podíváte, tam se někomu daří a...

Akciecz běží díky fin. podpoře 

Anketa

Líbí se vám nový design našich stránek?

Ano (3 843)
Ne (357)

Celkový počet hlasů: 4200

Představení

10.11.2020 03:30
Pokud jste někdy toužili mít vlastní dům pár minut za Hradcem...

Obrazem

Chcete z roku 2021 udělat parádní rok a splnit si svoje plány a sny?...