At 94 years old, Warren Buffett could be relaxing quietly in retirement, but instead, he’s busy doing what he’s always promised—giving away most of his wealth.
The legendary investor and CEO of Berkshire Hathaway is once again making headlines, this time with a massive $6 billion donation to five charities, including one led by his longtime friend Bill Gates.
A Billionaire with a Giving Streak
Despite still having a net worth of around $152 billion, Buffett has made it a personal mission for years to donate the majority of his fortune.
This latest act of generosity marks his largest charitable gift since 2006, when he first committed to gradually giving it all away.
Now, nearly two decades later, that commitment is still going strong.
This time, he’s donating 12 million shares of Berkshire Hathaway stock—no small gift considering the price tag attached.
Where the Billions Are Going
The biggest chunk—9.43 million shares—is going to the Bill & Melinda Gates Foundation, one of the world’s largest philanthropic organizations.
But Buffett didn’t stop there.
He’s also allocating 943,384 shares to the Susan Thompson Buffett Foundation, named after his late wife.
As for the rest? Each of his three children is receiving shares for their own foundations:
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Howard G. Buffett Foundation (run by his son Howard)
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Sherwood Foundation (run by his daughter Susie)
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NoVo Foundation (run by his son Peter)
Each of these organizations will receive 660,366 shares, which will be officially transferred on Monday.
A Closer Look at the Stocks
To make this donation possible, Buffett converted 8,239 Class A shares (each worth a staggering $730,000) into 12,358,500 Class B shares, which are more accessible to regular investors and valued at around $485 each.
These B shares, while lower in voting power, carry significant value—and they’ve been at the heart of Buffett’s giving strategy for years.
Still Calling the Shots
Even after donating billions, Buffett remains very much in control.
He continues to hold just under 40% of Berkshire Hathaway’s Class A shares, maintaining major influence over the company’s direction.
In total, he still owns 13.8% of the company, securing his spot as the fifth richest person in the world, according to Forbes.