The 94-year-old started the Giving Pledge in 2010 alongside friends Bill Gates and Melinda French Gates with the goal of donating Buffett’s fortune either in his lifetime or at his death. Four years earlier, he had started making massive donations to the Gates’s foundation, as well as foundations tied to his children.
Warren Buffett will donate about US$6 billion ($7.65 billion) of Berkshire Hathaway Inc. shares to five foundations as part of a pledge he made nearly two decades ago.
About 9.43 million Class B shares will be given to the Bill & Melinda Gates Foundation Trust, according to a statement on Saturday. Another 2.92 million shares will be donated to his children’s foundations — Sherwood Foundation, the Howard G. Buffett Foundation and NoVo Foundation — as well as the Susan Thompson Buffett Foundation, named after the billionaire’s late wife.
