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Buffett donates $3.5 billion to Gates, family charities

Published on Jul 16, 2014 7:19 AM
 
Berkshire Hathaway CEO Warren Buffett (left) and friend Bill Gates, founder of Microsoft, play table tennis at a Berkshire sponsored reception in Omaha, Nebraska on May 4, 2014 as part of the company annual meeting weekend. Warren Buffett this week donated US$2.8 billion (S$3.5 billion) of Berkshire Hathaway Inc stock to five charities, as part of the billionaire's plan to give away nearly all of his wealth. -- PHOTO: REUTERS

(REUTERS) - Warren Buffett this week donated US$2.8 billion (S$3.5 billion) of Berkshire Hathaway Inc stock to five charities, as part of the billionaire's plan to give away nearly all of his wealth.

Buffett donated about 21.73 million Class "B" shares of Berkshire on Monday, a regulatory filing shows.

About 16.6 million shares, worth more than US$2.1 billion, went to the Bill and Melinda Gates Foundation, which focuses on education, health and poverty problems.

The remainder went to four family charities, including a foundation named for his late first wife Susan and foundations for his children Howard, Peter and Susan.

 
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