Billionaire businessman Warren Buffett on June 14 donated about $4 billion to the Bill & Melinda Gates Foundation Trust, along with a number of other charities, as part of his annual pledge to give away nearly all of his net worth.
According to a press release published on Berkshire Hathaway’s website, the businessman converted 9,608 A-shares into about 14.4 million class B-shares in order to donate 14.4 million shares of Berkshire Hathaway ‘B’ stock to five foundations, including the Bill & Melinda Gates Foundation Trust, the Sherwood Foundation, the Howard G. Buffett Foundation, the NoVo Foundation, and the Susan Thompson Buffett Foundation, named for Buffett’s late first wife.
