financetom
Business
financetom
/
Business
/
Warren Buffett donates record $6 billion Berkshire shares
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Warren Buffett donates record $6 billion Berkshire shares
Jun 27, 2025 6:12 PM

(Reuters) -Warren Buffett donated on Friday another $6 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 Buffett's overall giving to the charities to well over $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 respectively by his children Howard, Susie, and Peter: the Howard G. Buffett Foundation, Sherwood Foundation and NoVo Foundation.

Warren Buffett still owns 13.8% of Berkshire's stock, based on reported shares outstanding.

His $152 billion net worth prior to Friday's donations made him the world's fifth-richest person, according to Forbes magazine.

Buffett would rank sixth after the donations, which surpassed the $5.3 billion he donated last June. He donated another $1.14 billion to the family charities last November.

In a statement, Buffett maintained he does not intend to sell any Berkshire shares.

Now 94, Buffett began giving away his fortune in 2006.

He changed his will last year, designating 99.5% of his remaining fortune after his death to a charitable trust overseen by his children.

They will have about a decade to distribute the money, and must decide where it goes unanimously. Susie Buffett is 71, Howard Buffett is 70, and Peter Buffett is 67.

Warren Buffett has led Omaha, Nebraska-based Berkshire since 1965.

The $1.05 trillion conglomerate owns close to 200 businesses including Geico car insurance and the BNSF railroad, and dozens of stocks including Apple and American Express.

Susie Buffett leads the Susan Thompson Buffett Foundation, which funds reproductive health and is named for her mother, who was Warren Buffett's first wife.

The Sherwood Foundation supports Nebraska nonprofits and early childhood education. The Howard G. Buffett Foundation focuses on global hunger, combating human trafficking and mitigating conflicts. The NoVo Foundation has initiatives focused on marginalized girls and women, and on indigenous communities.

Buffett said last June that donations to the Gates Foundation would end when he dies.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US utilities want Trump, Republicans to save inflation act, Edison CEO says
US utilities want Trump, Republicans to save inflation act, Edison CEO says
Nov 16, 2024
BAKU (Reuters) - The U.S. utility industry wants the incoming Trump administration and Republican-led Congress to preserve clean energy and EV tax credits in the Inflation Reduction Act, Pedro Pizarro, the CEO of utility Edison International ( EIX ) said on Saturday. The 2022 IRA contains hundreds of billions of dollars in subsidies for clean energy and is billed as...
US utilities want Trump, Republicans to save inflation act, Edison CEO says
US utilities want Trump, Republicans to save inflation act, Edison CEO says
Nov 16, 2024
* Utilities lobby for preserving clean energy and EV tax credits * Trump plans to eliminate $7,500 EV tax credit * EEI members emphasize IRA benefits for growth and consumers By Valerie Volcovici BAKU, Nov 16 (Reuters) - The U.S. utility industry wants the incoming Trump administration and Republican-led Congress to preserve clean energy and EV tax credits in the...
TikTok parent ByteDance's valuation hits $300 billion amid US ban uncertainty, WSJ reports
TikTok parent ByteDance's valuation hits $300 billion amid US ban uncertainty, WSJ reports
Nov 16, 2024
(Reuters) - TikTok's Chinese parent company ByteDance is valuing itself at about $300 billion after a recent buyback offer, the Wall Street Journal reported on Saturday, even as the tech giant's popular TikTok app faces the prospect of a looming ban in the U.S. The TikTok parent in recent days told investors it was looking to buy back shares at...
Putin will look into YouTube disruptions, Kremlin says
Putin will look into YouTube disruptions, Kremlin says
Nov 16, 2024
MOSCOW, Nov 15 (Reuters) - President Vladimir Putin is looking into slow speeds and disruptions on YouTube in Russia after the country's top cinema official raised the matter with him, the Kremlin said on Friday. Critics believe YouTube is being deliberately disrupted by the authorities to prevent Russians from viewing a mass of content there that is critical of Putin...
Copyright 2023-2026 - www.financetom.com All Rights Reserved