Warren Buffett will give about $ 6 billion of Berkshire Hathaway The Inc. participates on five grounds as part of the promise he made almost two decades ago.
Almost 9.43 million class shares will be given to the Bill & Melinda Gates Foundation Trust, according to reports on Saturday. Another 2.92 million shares will be released on the basis of its children – the Sherwood Foundation, Howard G. Buffett Foundation and the Novo Foundation – and Susan Thompson Buffett Foundation, named after the late billionaire's wife.
The 94 -year -old began a promise to give in 2010 with friends Bill Gates and Melinda doors to France with the aim of giving Buffett luck either in his life or at his death. Four years earlier, he had begun to make significant contributions on the basis of Gates, as well as the foundations closed to his children.
“Mathematics of the promises of a lifetime on those five grounds are fun,” Buffett said. “Five grounds have received Berkshire B shares that were valued when they were received by $ 60 billion, more than the total amount of my value in 2006.”
Buffett earlier this year announced that he would go down as Chief Executive Officer of Berkshire Hathaway at the end of 2025, leaving the role for a long time of the second decree Greg Abel. Buffett said he would not sell one part of Berkshire Hathaway, but would gradually give them.
Read more: Buffett Exit To Lift up Energy Executive Abel to Berkshire CEO
Buffett Share in Berkshire now has 198,117 shares of shares A and 1,144 class B. shares.
“I'm not debt and my remaining shares are worth around $ 145 billion, more than 99% of my value,” Buffett said. “My will provides that about 99.5% of my property is planned for the use of philanthropy.”