Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) Chairman Warren Buffett On Wednesday, the family donated Class B shares of the company worth lakhs of rupees to charity.
What happened: Buffett, one of the world’s wealthiest men, donated 2.4 million Class B shares of Berkshire Hathaway – worth about $759 million based on Wednesday’s closing price – according to filings with the US Securities and Exchange Commission.
Susan Thompson Buffett Foundation received 1.5 million shares, while 300,000 shares were donated each Howard G. Buffett FoundationThe Sherwood FoundationAnd this Novo Foundation,
Susan Thompson Foundation is named after Buffett’s first wife, and the rest of the charity is run by his children.
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why it matters: After the latest donation, Buffett owns 15.5% of Berkshire shares and 31.4% of the company’s voting power.
The SEC filing didn’t mention any gifts. Bill & Melinda Gates FoundationWho is an annual beneficiary of Buffett’s charity.
The foundation and Berkshire Hathaway did not immediately respond to Benzinga’s request for comment on the development.
As of September, Buffett has donated more than $36 billion to the foundation run by the Microsoft co-founder.
Price Action: In the regular session on Wednesday – Berkshire Hathaway’s Class A shares closed up 1.7% at $476,980. The company’s Class B shares closed up 0.2% at $316.27, according to data from Benzinga Pro.
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