Warren Buffett Announces New Charitable Gifts, Updates Plans For $150B Fortune: Billionaire Wants To Help Others 'Given A Very Short Straw At Birth'
Benzinga
2024-11-26
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Legendary investor Warren Buffett has announced new charitable donations and updates to how his fortune will be spent after he is gone, news that comes months after he turned 94 years old.
What Happened: Buffett announced Monday that he is converting 1,600 Berkshire Hathaway Class A shares into 2,400,000 Berkshire Hathaway Class B shares to make new donations as part of his continued philanthropic efforts.
Buffett is donating 1,500,000 Class B shares to The Susan Thompson Buffett Foundation and 300,000 shares to each of The Sherwood Foundation, The Howard G. Buffett Foundation and NoVo Foundation.
What Happened: Buffett announced Monday that he is converting 1,600 Berkshire Hathaway Class A shares into 2,400,000 Berkshire Hathaway Class B shares to make new donations as part of his continued philanthropic efforts.
Buffett is donating 1,500,000 Class B shares to The Susan Thompson Buffett Foundation and 300,000 shares to each of The Sherwood Foundation, The Howard G. Buffett Foundation and NoVo Foundation.
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