New York (AP) – Renowned investor Warren Buffett gives his company a $ 6 billion worth of stock to five base, bringing Total he has given them since 2006 to approximately $ 60 billion, based on their value when received.
Buffett said late Friday that Berkshire Hathaway's shares will be delivered on Monday. Berkshire Hathaway owns Ceico, Dairy Queen and a range of other businesses, and Buffett gives nearly 12.4 million of the Class B shares of its stock. Those shares have a lower and easier price tag than the company's original shares, and all of the B shares were worth $ 485.68 in their latest closure on Friday.
The largest proportion goes to the Bill & Melinda Gates Foundation Trust, which will receive 9.4 million shares. The Susan Thompson Buffett Foundation will receive 943,384 shares, and the Sherwood Foundation, Howard G. Buffett Foundation and the Novo Foundation will receive 660,366 shares.
Buffett made waves a year ago when he said He plans to cut donations to Bill & Melinda Gates Foundation after his death And let his three children decide how to distribute the rest of his fortune.
Berkshire Hathaway's Class B stock has climbed 19.1% over the past 12 months, adding to the return of a broad US market of 14.1%, including dividends. Buffett is famous on Wall Street for buying companies at good prices and being more conservative when prices look too high. The barge hunting method has helped her collect a fortune worth about $ 145 billion, all of which are essentially a Berkshire Hathaway stock.
“Nothing unusual has happened in Berkshire; very long runway, simple and firm decisions in general, the tail effects and American compound produced my current wealth,” Buffett said in a statement. “My will provides that about 99½% of my estate is to be for humanitarian use.”