Buffett donates US$3.4 billion to Gates' and family charities

Buffett donates US$3.4 billion to Gates' and family charities

Warren Buffett has donated roughly US$3.4 billion of Berkshire Hathaway Inc stock to five charities, the billionaire's largest contribution in his plan to give away his fortune.

FILE PHOTO: Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the comp
FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska, U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo

REUTERS: Warren Buffett has donated roughly US$3.4 billion of Berkshire Hathaway Inc stock to five charities, the billionaire's largest contribution in his plan to give away his fortune.

Buffett's 13th annual donation comprised about 17.7 million Class "B" shares of Berkshire, valued at US$192 each as of Monday's market close.

The largest block went to the Bill & Melinda Gates Foundation. Buffett's own foundation, named for his late first wife Susan, and charities run by his children Howard, Susan and Peter received the rest.

(Reporting by Jonathan Stempel in New York; Editing by Susan Thomas)

Source: Reuters

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