Warren Buffett
Berkshire Hathaway president Warren Buffett has just announced his latest charity – 5.4 billion euros in the company’s shares.
The legendary investor Warren Buffettwhich recently withdrew, announced on Friday that it will donate 5.4 billion euros In Berkshire Hathaway actions to a set of charity institutions.
According to the 94 -year -old Berkshire president, he will donate about 12.4 million class B shares to five foundations.
Most shares-about 9.4 million (worth 4.1 billion euros)-are intended to Bill & Melinda Gates Foundation Trustwhich was founded by the co-founder of Microsoft and his ex-wife.
A Susan Thompson Buffett Foundationwith the name of Buffett’s first wife, will receive about 943,000 of the actions, and about 660,000 shares are intended for others three institutions: Sherwood Foundation, Howard G. Buffett Foundation and New Foundation, according to a statement.
Buffett, whose liquid heritage on Friday was 137 billion eurosaccording to Bloomberg Billionaires Index, he had committed in 2006 to donate the vast majority of his fortune to philanthropic causes, and has since done great annual donations to these foundations.
In the Friday announcement, Buffett explained some of the calculations Behind his commitment: “At the time, I had 474,998 shares A Berkshire worth about 39 billion euros and these shares represented more than 98% of my net heritage. I converted stocks to stocks B before making contributions.”
“During the following 19 years, I didn’t buy or sold any actions A or B I don’t even want to do so, ”he continued.“ The five foundations received Berkshire B shares that had a value when they received about 54 billion euros, substantially more than all my net heritage in 2006 ”.
“I have no debts and my actions to the rest are worth about 131 billion euros, well over 99% of my liquid heritage“He concluded.
Barrel hunter
Even after having donated more than half from fortune to beneficial causes, buffet is also, according to Forbes, the sixth richest person in the worldwith a liquid heritage of about 140 billion euros.
After 55 years of career, Warren e. BuffettBerkshire Hathaway’s CEO and Chairman, who will leave the company’s lead, ending a legendary investment career, which dominated year after year and earned him the nickname of “Oracle of Omaha“.
In 1965, Warren Buffett bought Berkshire, at the time a failed textile factoryand in the last six decades has transformed it into a valued conglomerate A billion of euroswhich has dozens of companies, including Geico, Dairy Queen and Duracell, and multimillion participations, among others, in Coca-Cola, Apple, AmazonVerizon, Chevron e American Express.
Between 1965 and 2024, the mythical “Omaha Oracle” was responsible for an appreciation of about 5,500,000% in Berkshire -arrested shares compared to about 39,000% for the S&P 500 index as a whole. This appreciation, to a annual average of 19.9%made Buffett phenomenally rich.
The “guru” of investment markets, which rarely failed In his bets, he took over in 2021 when he acquired Precision Castparts for 32.1 billion euros in 2016. “My calculation error was unmasked By adverse developments throughout the aerospace industry, ”said Buffett.
Buffett, often called “barrel hunter“CEO leaves at a high point. Berkshire shares rose 20% this year to record levels, contrary to a 3% S&P drop.
