American billionaire Warren Buffett donated on June 28 another US$6 billion (S$7.7 billion) of Berkshire Hathaway stock to the Gates Foundation and four family charities, his biggest annual donation since he began giving away his fortune nearly two decades ago.
The donation of about 12.36 million Berkshire Class B shares boosted Mr Buffett’s overall giving to the charities to well over US$60 billion.
He donated 9.43 million shares to the Gates Foundation; 943,384 shares to the Susan Thompson Buffett Foundation; and 660,366 shares to each of three charities led by his children Howard, Susie, and Peter: the Howard G. Buffett Foundation, Sherwood Foundation and NoVo Foundation respectively.
Mr Warren Buffett still owns 13.8 per cent of Berkshire’s stock, based on reported shares outstanding.
His US$152 billion net worth prior to the June 27 donations made him the world’s fifth-richest person, according to Forbes magazine.
Mr Buffett would rank sixth after the donations, which surpassed the US$5.3 billion he donated in June 2024. He donated another US$1.14 billion to the family charities in November 2024.
In a statement, Mr Buffett maintained he does not intend to sell any Berkshire shares.
Now 94, Mr Buffett began giving away his fortune in 2006.
He changed his will in 2024, designating 99.5 per cent of his remaining fortune after his death to a charitable trust overseen by his children.
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