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.
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