Billionaire Buffett Gives Stock to Charity
Billionaire Warren Buffett has given away 512,169 Class B shares of Berkshire Hathaway Inc. stock to three charitable foundations in keeping with his plan to give away the bulk of his fortune.
The gifts were revealed in paperwork filed Monday with the Securities and Exchange Commission.
Those shares were worth $3,999 each, more than $2.05 billion total, at the close of trading July 1, the day Buffett transferred their ownership. Most of the shares -- 451,250 -- went to the Bill & Melinda Gates Foundation.
edited by Colleen, News Editor
The gifts were revealed in paperwork filed Monday with the Securities and Exchange Commission.
Those shares were worth $3,999 each, more than $2.05 billion total, at the close of trading July 1, the day Buffett transferred their ownership. Most of the shares -- 451,250 -- went to the Bill & Melinda Gates Foundation.
edited by Colleen, News Editor