This article was originally published on June 15, 2022.
One of the most philanthropic billionaires of all time Berkshire Hathaway chairman Warren Buffett. The CEO recently made his annual gift to the Gates Foundation. Here’s what Bill Gates had to say about the gift and how much Buffett has donated to the foundation over the years.
What happened: On June 14, Buffett did Donations of Berkshire Hathaway stock to multiple organizations.
Buffett converted 9,608 Berkshire Hathaway Class A shares into 14,412,000 Class B shares. The CEO then donated 11,003,166 Class B shares to the Bill & Melinda Gates Foundation1.100.316 to the Susan Thompson Buffett Foundation, and 770,218 shares each to the Sherwood Foundation, Howard G. Buffett Foundation and the NoVo Foundation.
After the donations, Buffett owns 229,016 Class A shares and 276 Class B shares of Berkshire Hathaway.
Related link: 5 things you might not know about Bill Gates
Why it matters: Gates, co-founder of Microsoft, took to Twitter to thank Buffett for the donation.
“I am grateful for Warren’s gifts to support the Foundation’s work and for our longstanding friendship. When he decided to give these gifts in 2006, it moved me to tears. It still does,” Gates said.
Chairman of the Gates Foundation Markus Suzman highlighted the amount of money Buffett has donated to the nonprofit.
“Today we received the annual gift from Warren Buffett, which has taken his contributions to more than $36 billion since 2006. Thank you Warren for your continued generosity and belief in the Bill & Melinda Gates Foundation’s mission,” Suzman said.
Over the years, Buffett and Gates have been philanthropic with their money, one of the points Benzinga noted is that their wealth is friends and billionaires combined, it now lags behind fortune Tesla chairman Elon Musk.
Photo: Courtesy of Gregory Rubenstein and Fortune Live Media on Flickr.
