Warren Buffett donated nearly $27 million worth of Berkshire Hathaway stock this week to an unnamed charity, the latest move in the billionaire investor’s plan to donate his fortune.
Berkshire disclosed Buffett’s donation of 50 Class A shares in a Wednesday night filing with the United States Securities and Exchange Commission.
The donation was made on August 15, when shares closed at around $538,107.
It is separate from Buffett’s annual donations to the Bill & Melinda Gates Foundation and four charities overseen by his family. They have received more than $51 billion from Buffett since 2006.
Berkshire did not immediately respond Thursday to a request for more details about the latest donation.
Buffett still owns 218,237 Berkshire Class A shares, or a roughly 15% stake in the Omaha, Nebraska-based conglomerate he has run since 1965.
Forbes magazine on Wednesday estimated Buffett’s net worth at $118.3 billion, ranking fifth in the world.
Buffett said more than 99% of his net worth will go to charity. He will be 93 on August 30.
Berkshire owns several dozen businesses, including the BNSF railroad, Geico auto insurance, and numerous energy, manufacturing, and retail operations.
As of June 30, it also owned more than $353 billion in actionshalf of which was iPhone maker Apple.
RELATED STORIES:
Warren Buffett: Beloved American Billionaire With Humility
Profits for Warren Buffett’s company hit $36 billion as stocks rise
Your subscription could not be registered. Try Again.
Your subscription was successful.
Read more
To subscribe to MORE APPLICANT to access The Philippine Daily Inquirer and over 70 titles, share up to 5 gadgets, listen to news, download as early as 4am and share articles on social media. Call 896 6000.
For comments, complaints or inquiries, Contact us.
