Warren Buffett Donates $6 Billion Berkshire Shares

Warren Buffett, at 94, made his largest annual charitable donation to date, giving away $6 billion worth of Berkshire Hathaway Class B shares. This donation, comprising approximately 12.36 million shares, pushes his total lifetime giving to over $60 billion. The primary recipient was the Bill & Melinda Gates Foundation, which received 9.43 million shares. The remaining shares were distributed among four family charities: the Susan Thompson Buffett Foundation, the Howard G. Buffett Foundation, the Rabo Foundation, and the NoVo Foundation, each receiving significant allocations. Despite this substantial gift, Warren Buffett still owns 13.8% of Berkshire Hathaway's stock and has reiterated his intention not to sell any more shares. This donation has caused a slight drop in his Forbes ranking from fifth to sixth richest person globally. Warren Buffett also revised his will last year, ensuring that 99.5% of his remaining estate will go to a charitable trust managed by his children after his death.