YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Warren Buffett is donating $3.6 billion in Berkshire shares to 5 foundations including Gates

Posted online

In a move to convert shares of his Berkshire Hathaway stock, Warren Buffett said he will donate $3.6 billion worth to five foundations, including the Bill & Melinda Gates Foundation.

According to CNBC, the Oracle of Omaha will convert 11,250 of his Class A shares into 16.875 million Class B shares.

Buffett pledged in a 2006 letter to make annual gifts of Berkshire B shares throughout his lifetime for the benefit of the Bill & Melinda Gates Foundation.

Read more from CNBC.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: BluCurrent Credit Union

BluCurrent Credit Union held a June 21 grand opening at an office building it renovated at 4520 S. National Ave.; Ozark Mountain Gymnastics changed ownership; and a Branson theater property made way for a new entertainment business with the opening of Star Concert Hall.

Most Read
Update cookies preferences