At the close of last Wednesday, the 21st, Warren Buffett converted about 9,000 of his Berkshire “A” shares into 13.7 million “B” shares, totaling a value of US$ 4.6 billion. This action is part of his charitable donations and is just one of many he has carried out over the past 17 years.
He has committed nearly 10.5 million shares to the Bill & Melinda Gates Foundation, over 1 million shares to the Susan Thompson Buffett Foundation and approximately $732,000 in stock for each of the Sherwood, Howard Foundations G. Buffett and Novo.
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In addition to his generous giving, he has personal and emotional motivations behind these philanthropic actions. Warren Buffett and Bill Gates are close friends and share a common vision of positive social impact.
The Bill Gates Foundation, which receives a sizable portion of Buffett's donated stock, focuses on global issues such as reducing poverty, fighting disease and reducing inequalities.
Over that period, the shares Buffett has donated add up to a staggering $132 billion in present value. Your generosity has benefited diverse social communities.
The Susan Thompson Buffett Foundation, named in honor of Buffett's late wife, reflects the love and memory he has for her, directing resources to causes aligned with her values and interests shared.
In addition, each of the other three foundations is led by one of Buffett's children, demonstrating the desire of the investor to involve his family in the continuation of his philanthropic efforts, thus ensuring a legacy of impact lasting.
Warren Buffett accumulates billionaire donations
Over the years, the value of the shares of Berkshire Hathaway experienced significant growth, substantially increasing the value of shares donated by Warren Buffett. The current price of these donated shares, based on their received value, is estimated to be around $50 billion.
Warren Buffett's remaining shares in Berkshire Hathaway are estimated to be worth around $113 billion, accounting for most of his current net worth of $118 billion. If Buffett had chosen to hold all of these shares, his combined fortune would exceed $250 billion.
That value would be able to surpass Elon Musk's billionaire fortune, which is currently valued at around US$ 232 billion, according to the Bloomberg Billionaire Index.
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