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Buffett donates $6 billion in Berkshire shares to charities

Warren Buffett will give around $6 billion worth of Berkshire Hathaway shares to charitable foundations.

June 28, 2025 at 04:00 AM

Buffett donates $6 billion in Berkshire shares to charities

Warren Buffett continues his legacy of charitable giving by donating Berkshire Hathaway shares.

Buffett gives $6 billion in Berkshire shares to charities

Warren Buffett will give approximately $6 billion of shares from Berkshire Hathaway Inc. to five charitable foundations. This includes about 9.43 million Class B shares to the Bill & Melinda Gates Foundation Trust and 2.92 million shares to his children’s foundations. Buffett made a commitment to donate his fortune either during his lifetime or after his death as part of the Giving Pledge he started in 2010 with Bill and Melinda Gates. He noted that the value of the donations received by the foundations is about $60 billion, which exceeds his net worth from 2006.

Key Takeaways

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Buffett's donation reinforces his commitment to philanthropy.

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The Giving Pledge reflects a shift in wealth distribution among billionaires.

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The donation surpasses Buffett's net worth from 2006, highlighting wealth growth.

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Buffett plans to transfer more wealth to charities before his passing.

"The mathematics of the lifetime commitments to the five foundations are interesting."

Buffett reflects on the scale of his philanthropic commitments compared to his earlier net worth.

"I have no debts and my remaining A shares are worth about $145 billion, well over 99% of my net worth."

Buffett emphasizes his financial position and commitment to giving.

"My will provides that about 99.5% of my estate is destined for philanthropic usage."

Buffett outlines his intent to use the majority of his wealth for charitable purposes after his passing.

This substantial donation underscores Buffett's long-time commitment to philanthropy and highlights a significant trend among billionaires who pledge to give away their fortunes. It raises the question of how the evolution of wealth distribution through charitable foundations will shape societal impacts in the future. As Buffett prepares to step down as CEO of Berkshire Hathaway, his actions suggest a desire to ensure his wealth is put to good use. His clear focus on philanthropy may inspire other wealthy individuals to consider similar commitments.