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Why did Buffett donate $365,438+700 million to the Gates Foundation and other institutions?
According to a report by NewsMax on July 12, Beijing time, Warren Buffett donated Berkshire Hathaway shares worth $365,438+700 million to five charities including the Bill and Melinda Gates Foundation on Monday. Buffett plans to "spend all his money" in more than ten years, which is the biggest donation to this plan so far.

This donation is Buffett's 12 annual donation, and five philanthropists have obtained18.63 million Berkshire B shares. According to Monday's closing price, the value of these shares is $65,438+$070.25 per share.

Since 2006, Buffett has donated $27.54 billion, of which about $265.438+09 billion has been donated to the Gates Foundation. Although the Oracle of Omaha donated more than 40% of the shares, he still holds 0/7% of Berkshire/Kloc.

The Gates Foundation received $2.42 billion in stock donated by Buffett on Monday, focusing on improving health, reducing poverty and funding education projects.

In addition to the Gates Foundation, Buffett also donated shares to the Susan Thompson Buffett Foundation and the foundation of his three children. Susan Thompson Buffett Foundation is a foundation named after Buffett's late original.

According to Forbes magazine, Buffett is still the fourth richest man in the world after Monday's donation. Before the donation, Buffett's net worth was $76.3 billion, second only to Gates' $89.4 billion, Amazon CEO Bezos' $84.8 billion and Spanish retail giant Ortega's $8 18 billion.

Gates and Buffett have a good relationship. The former is also a member of Berkshire's board of directors.