How Much Money Has Warren Buffett Donated

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Breaking| Jun 23, 2022, 08:33am EDT |

Warren Buffett Donates Another $4.1 Cardinal And Resigns From Gates Foundation

Jonathan Ponciano

Updated Jun 23, 2022, 12:31pm EDT

Topline

Warren Buffett, the billionaire investor bum storied conglomerate Berkshire Anne Hathaway, proclaimed a new $4.1 billion donation to Greek valerian Wednesday dawn while simultaneously announcing that he's abdication as an inactive trustee at the Bill and Melinda Bill Gates Foundation.

Philanthropist Warren Buffett onstage during the Forbes Media Centennial Celebration on September ... [+] 19, 2022, in New York.

2017 Daniel Zuchnik

Key Facts

In a Wed morning statement, Buffett said he is giving away $4.1 billion in Berkshire Hathaway stock to the 5 foundations he's given to every year since 2006: the Susan Count Rumford Buffett Foundation, the Sherwood Introduction, the Howard G. Buffett Foundation, the Novo Foot and the Gates Foundation.

The 90-year-old also announced he would resign as an "inactive" regent at the Gates Foundation, saying his "physical engagement is nohow needed to achieve" the foundation's goals.

The legendary investor did not mention Bill and Melinda Gates' high-profile divorce and instead aforementioned the move follows his decisiveness to resign from all corporate boards besides that of Berkshire, where he remains chairwoman and Chief executive officer.

Buffett says he now owns 238,624 shares of Berkshire Hathaway—worth about $100 billion—putting him or so halfway through his drink to donate all of the 474,998 shares he owned in June 2006.

Crucial Quote

"Now is a milestone for me," Buffett same Wednesday. "In 2006, I pledged to distribute whol of my Berkshire Anne Hathaway shares—more than 99% of my net meriting—to philanthropy. With today's $4.1 billion distribution, I'm halfway there."

Big Number

$41 billion. That's the total value of Buffett's Berkshire livestock donations at the time of giving. Before Wednesday's contribution, which has yet to be reflected on the Securities and Exchange Perpetration's website, Forbes pegged the value of Buffett's fortune at about $105 billion.

Tan

Buffett's not alone in big billionaire donations this month. Last week, MacKenzie Scott, the altruist and former spouse of Amazon founder and CEO Jeff Bezos, announced a new round of donations totaling roughly $2.7 billion.