Warren Buffett gives $1.5B in stock to Gates Foundation
Warren Buffett donated 19.34 million Class B shares of Berkshire Hathaway stock. Warren Buffett plans to transfer the majority of his wealth to the Bill & Melinda Gates Foundation, and this gift represents the fifth installment.
According to a Thursday filing with the Securities and Exchange Commission, Buffett donated 19.34 million Class B shares of the company's stock.
The closing price of Class B shares on Thursday was $77.77.
The gift is the fifth installment in Buffett's plan to transfer the majority of his wealth to the Seattle-based foundation run by the Microsoft Corp. co-founder and his wife. The foundation is the world's largest with an endowment of $37.1 billion as of March 31.