Buffett: Biggest Ever Contribution To Gates Foundation

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July 8, 2013; Bloomberg

The stock market has recently been very, very good to Warren Buffett, and as a result, he has just donated Berkshire Hathaway shares worth $2.63 billion to a number of foundations, including the Bill and Melinda Gates Foundation; the Susan Thompson Buffett Foundation (named for his late wife); the Howard G. Buffett Foundation, a family charity focused on poverty; the NoVo Foundation, led by Buffett’s son, Peter, and his wife; and the Sherwood Foundation. The Gates Foundation got a lion’s share worth $2 billion, breaking his record of $1.8 billion given from 2008. He has pledged a total of $31 billion to Gates.

Buffet’s net worth was estimated by Forbes at $53.5 billion in March of this year, so he probably won’t miss it.—Ruth McCambridge

  • Dan M

    W Buffett continues to be a shining example of wise philanthropy. Thank you for reporting this news, though your last comment – “he probably won’t miss it” – is at best unnecessary and at worst rude. There are few among us willing to give away 5% of their assets. Regardless, we should praise his altruism not demean his wealth.

  • Ruth McCambridge

    Oh Dan, something tells me that Buffett would not be offended. He knows he can spare it and has said many times that what he gives away is of no use to him. And, for the record, I am actually a bit of a Buffett fan particularly for his purchase of community newspapers but also for his positions on taxation