United States | News & Politics

3061 readers

1243 users here now

Welcome to !usa@midwest.social, where you can share and converse about the different things happening all over/about the United States.

If you’re interested in participating, please subscribe.

Rules

Be respectful and civil. No racism/bigotry/hateful speech.

Post anything related to the United States.

founded 2 years ago

MODERATORS

simsymbiote@midwest.social

Type1@midwest.social

Warren Buffett announces $6 billion in donations to five foundations (apnews.com)

submitted 2 days ago* (last edited 2 days ago) by cm0002@lemmy.world to c/usa@midwest.social

4 comments fedilink hide all child comments

NEW YORK (AP) — Famed investor Warren Buffett is donating $6 billion worth of his company’s stock to five foundations, bringing the total he has given to them since 2006 to roughly $60 billion, based on their value when received.

Buffett said late Friday that the shares of Berkshire Hathaway will be delivered on Monday. Berkshire Hathaway owns Geico, Dairy Queen and a range of other businesses, and Buffett is donating nearly 12.4 million of the Class B shares of its stock. Those shares have a lower and easier-to-digest price tag than the company’s original Class A shares, and each of the B shares was worth $485.68 at their most recent close on Friday.

The largest tranche is going to the Bill & Melinda Gates Foundation Trust, which will receive 9.4 million shares. The Susan Thompson Buffett Foundation will receive 943,384 shares, and the Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation will each receive 660,366 shares.

you are viewing a single comment's thread
view the rest of the comments

[–] Bluefalcon@discuss.tchncs.de 2 points 2 days ago* (last edited 1 day ago)

Holy Shit! Finally people are speaking out against this shit. They are not good people helping the world. They are jerking themselves off and they want everyone else to clap for them.