Warren Buffet, a very wealthy man, has given away a huge chunk of his wealth, yet again!
The company’s statement said the great investor donated $3.4 billion of his yearly bonus of Berkshire Hathaway stocks.
As usual, one of the recipients of these shares was the Bill & Melinda Gates Foundation plus four other foundations that have connections to the Buffet name. These other foundations include the Sherwood Foundation, a charity where his daughter serves as the chair; a charity named after Susan, Buffet’s late wife, which is focused on education; the NoVo Foundation, which is operated by Peter, Warren’s youngest son, together with Jennifer, Peter’s wife; and the Howard G. Buffett Foundation, a group run by one of his older sons.
If we add in the donation made this Monday, the total amount of donations Buffett has made to these foundations has reached $31 billion.
Buffett already revealed his plans to slowly donate every bit of his Berkshire stocks in 2006.
Since making this announcement, he has pushed his philanthropic agenda on other wealthy individuals as well.
Along with Bill and Melinda Gates, Buffett started The Giving Pledge in 2010. This is an enterprise that urges billionaires from all over the world to publicly declare that they will give away a huge chunk of their money to charity.
Forbes has reported that Buffett’s net worth is $82 billion. Next to Bill Gates and Jeff Bezos (CEO of Amazon who is now worth $150 billion since Monday), Buffett is the third richest person in the world.