Julio 4, 2025 - < 1 min

Warren Buffett donates a record US$6 billion to foundations

Buffett's largest gift in nearly 20 years reaffirms his commitment to give 99.5% of his estate during his lifetime.

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Legendary investor Warren Buffett Warren Buffett94-year-old Warren Buffett has just made his largest annual gift since 2006, transferringtransferring US$6.000billion in Berkshire Hathaway B shares to five foundations, CNN reported to five foundations, CNN reported Monday.

The bulk of the contribution-about 9.43 million shares- is earmarked for the Bill & Melinda Gates Foundation Trustwhile the remainder is divided between the Susan Thompson Buffett Foundation and three family foundations: Sherwood, Howard G. Buffett y NoVo.

With this transfer, Buffett now exceeds US$60thousandbillion accumulated in donationsreaffirming his strategy of giving the bulk of his fortune - currently estimated at US$1.5 billion - to the United States.$152thousandmillion- to philanthropic causes.

Moreover, this is a strategic contribution: he does not sell the shares personally, but donates them directly as part of a progressive plan that keeps his voting rights intact. In fact, despite the contribution, he still retains approximately 13.8 percent of the shares. 13,8% of the shares of Berkshirewhich he has run since 1965. The conglomerate, valued at $1.05 trillion, owns nearly 200 companies, including auto insurer Geico and railroad company BNSF; and dozens of stocks, such as Apple and American Express.

This new milestone coincides with his upcoming step aside as CEO of Berkshire Hathaway - after nearly six decades at the helm - and embodies his philosophy that "wealth should be used to create impact," reinforced by his formal commitment to deliver the 99,5of his remaining wealth to philanthropy after his death. after his death.

 

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Source: CNN