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HomeTop Global NewsWarren Buffett explains his $750 million charitable donation on Thanksgiving Eve

Warren Buffett explains his $750 million charitable donation on Thanksgiving Eve

Warren Buffett

Gerard Miller | cnbc

Warren Buffett donated more than $750 million in Berkshire Hathaway stock to four foundations linked to his family on Thanksgiving Eve, and the legendary investor said the timing was no coincidence as it was his time to thank his children for their charitable work. is the way.

“I’m personally proud of how my kids turned out,” Buffett told CNBC’s Becky Quick. “I feel good about the fact that they know I feel good about them. It’s the ultimate endorsement in my kids, and it’s the ultimate statement that my kids don’t want to be dynastic riches.”

The 92-year-old investor donated 1.5 million Class B shares of his group to the Susan Thompson Buffett Foundation, named after his first wife. He donated three foundations run by his children: the Sherwood Foundation, the Howard G. Also gave 300,000 Class B shares to the Buffett Foundation and the Novo Foundation.

This time the recipients did not include the Bill & Melinda Gates Foundation. The “Oracle of Omaha” has vowed to give away his fortune over time and has been making annual donations to the same five charities since 2006.

In June, he gave 11 million Class B shares to the Gates Foundation, 1.1 million B shares to the Susan Thompson Buffett Foundation, and 770,218 shares to three of his children’s foundations.

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