Warren Buffett announced he will donate about $6 billion worth of Berkshire Hathaway shares to five foundations, fulfilling part of a pledge made nearly two decades ago. The donation includes 9.43 million Class B shares to the Bill & Melinda Gates Foundation Trust and 2.92 million shares to his children's foundations. Buffett, who co-founded the Giving Pledge in 2010, emphasized his commitment to philanthropy, stating that most of his estate will be allocated for charitable purposes. He plans to gradually give away his shares rather than sell them.
Warren Buffett is donating approximately $6 billion of Berkshire Hathaway shares to various foundations as part of his long-standing philanthropic commitment.
Buffett's pledge includes over $60 billion in Berkshire B shares to five foundations, far exceeding his entire net worth back in 2006.
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