Saturday, July 7, 2012

Buffett gives away $1.5B





Warren Buffett, the billionaire who pledged to donate most of his wealth to charity, contributed stock valued at $1.52 billion in his annual gift to the foundation created by Microsoft co-founder Bill Gates, the NY Post reports.

Buffett, chairman and CEO of Berkshire Hathaway, donated about 18.4 million of his company’s Class B shares to the Bill and Melinda Gates Foundation, according to a filing issued yesterday. The shares closed at $82.54.

Buffett, a trustee of the foundation, is the No. 3 richest man in the world, with a net worth of about $46 billion, according to the Bloomberg Billionaires Index, a daily ranking of the wealthiest people.

Read more: http://www.nypost.com/p/news/business/buffett_gives_away_KT1nFPzFSgpA161L3mWAQI

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