Billionaire Warren Buffet donates $3.17 billion to Charity

Billionaire Warren Buffet donates $3.17 billion to Charity
Billionaire Warren Buffet has reportedly donated a whopping $3.17 billion in shares of his holding company, Berkshire Hathaway to charity on Monday. A statement from his company says.
The stock went to the Bill & Melinda Gates Foundation, as well as four foundations with ties to the Buffett family: Buffett’s education-focused charity, which is named after his late wife Susan – the Sherwood Foundation, which is chaired by their daughter; the Howard G. Buffett Foundation, which is led by his son; and the NoVo Foundation, which has Buffett’s youngest son Peter at the helm.

In 2006, Buffett announced plans to gradually donate all his Berkshire Hathaway shares and in 2010, Buffett launched The Giving Pledge with Bill Gates.

The initiative encourages the world’s billionaires to dedicate the majority of their wealth to philanthropic causes. As of May, 170 people had signed the pledge across 21 countries.

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