Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com, June 22 (Xinhua) Berkshire Hathaway CEO Warren Buffett made his annual charitable donation on Wednesday, donating $4.63 billion worth of Berkshire shares to five institutions, most of which went to the Bill and Melinda Gates Foundation. Specifically, Buffett donated $3.54 billion (76%) to the Gates Foundation and a total of nearly $1 billion to four charities run by his own three children.

Buffett converted 9129 Class A shares into 13.6935 million Class B shares in order to donate 13.6934 million shares to five foundations, Berkshire Hathaway said in a statement. Of these, more than 10.45 million shares were donated to the Bill and Melinda Gates Foundation Trust, equivalent to nearly $3.54 billion at Wednesday's closing price. Berkshire Hathaway's Class B shares closed Wednesday at $338.61.

The company also said that 1.0453 million shares were donated to the Susan Thompson Buffett Foundation (Susan Thompson Buffett Foundation) and 731700 shares were donated to the Sherwood Foundation (Sherwood Foundation), the Howard G Buffett Foundation (Howard G. Buffett Foundation) and the Novo Foundation (NoVo Foundation).

Buffett said in a statement that the annual donation schedule was made on June 26, 2006, and that a large number of donations were made to four of the five recipients since then. "when I first made it, I owned 474998 Berkshire A shares worth about $43 billion, which accounted for more than 98 per cent of my net worth," he said. " Berkshire B shares received by the five foundations were worth about $50 billion at the time of receipt, which greatly exceeded his total net worth in 2006. "I have no debt, and my remaining A share price is worth about $112 billion," he said. far more than 99 per cent of my net worth. "

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