Warren Buffett Donates $27 Mln Berkshire Stock

Reuters2023-08-18

(Reuters) -Warren Buffett donated nearly $27 million of Berkshire Hathaway stock this week to an unnamed charity, the latest move in the billionaire investor's plan to give away his fortune.

Berkshire disclosed Buffett's donation of 50 Class A shares in a Wednesday night filing with the U.S. Securities and Exchange Commission.

The donation was made on Aug. 15, when the shares closed at about $538,107.

It is separate from Buffett's annual gifts to the Bill & Melinda Gates Foundation and four charities overseen by his family. They have received more than $51 billion from Buffett since 2006.

Berkshire did not immediately respond on Thursday to a request for more details about the latest donation.

Buffett still owns 218,237 Class A shares of Berkshire, for an approximately 15% stake in the Omaha, Nebraska-based conglomerate he has run since 1965.

Forbes magazine on Wednesday estimated Buffett's net worth at $118.3 billion, ranking fifth worldwide.

Buffett has said more than 99% of his net worth will go to charity. He turns 93 on Aug. 30.

Berkshire owns several dozen businesses including the BNSF railroad, Geico car insurance and many energy, manufacturing and retail operations.

As of June 30 it also owned more than $353 billion of stocks, half of which was iPhone maker Apple.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Slayer888
2023-08-18
Slayer888
Good karma

Leave a comment

1

11

2

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2360078317?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-08-18 07:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2360078317","market":"us","top_or_hot":-1,"title":"Warren Buffett Donates $27 Mln Berkshire Stock","media":"Reuters","content":"<html><head></head><body><p>(Reuters) -Warren Buffett donated nearly $27 million of Berkshire Hathaway stock this week to an unnamed charity, the latest move in the billionaire investor&#39;s plan to give away his fortune.</p><p>Berkshire disclosed Buffett&#39;s donation of 50 Class A shares in a Wednesday night filing with the U.S. Securities and Exchange Commission.</p><p>The donation was made on Aug. 15, when the shares closed at about $538,107.</p><p>It is separate from Buffett&#39;s annual gifts to the Bill &amp; Melinda Gates Foundation and four charities overseen by his family. They have received more than $51 billion from Buffett since 2006.</p><p>Berkshire did not immediately respond on Thursday to a request for more details about the latest donation.</p><p>Buffett still owns 218,237 Class A shares of Berkshire, for an approximately 15% stake in the Omaha, Nebraska-based conglomerate he has run since 1965.</p><p>Forbes magazine on Wednesday estimated Buffett&#39;s net worth at $118.3 billion, ranking fifth worldwide.</p><p>Buffett has said more than 99% of his net worth will go to charity. He turns 93 on Aug. 30.</p><p>Berkshire owns several dozen businesses including the BNSF railroad, Geico car insurance and many energy, manufacturing and retail operations.</p><p>As of June 30 it also owned more than $353 billion of stocks, half of which was iPhone maker Apple.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett Donates $27 Mln Berkshire Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett Donates $27 Mln Berkshire Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-18 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -Warren Buffett donated nearly $27 million of Berkshire Hathaway stock this week to an unnamed charity, the latest move in the billionaire investor's plan to give away his fortune.Berkshire ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BRK.B","symbol_name":"伯克希尔B","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2360078317","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2360078317","pubTimestamp":1692315334,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Aug 17 (Reuters) -    Warren Buffett donated nearly $27 million of Berkshire Hathaway    stock this week to an unnamed charity, the latest move in the billionaire investor's plan to give away his fort","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"translate_title":"沃伦·巴菲特捐赠2700万美元伯克希尔股票","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRK.A":0.9,"BRK.B":0.9},"content_text":"(Reuters) -Warren Buffett donated nearly $27 million of Berkshire Hathaway stock this week to an unnamed charity, the latest move in the billionaire investor's plan to give away his fortune.Berkshire disclosed Buffett's donation of 50 Class A shares in a Wednesday night filing with the U.S. Securities and Exchange Commission.The donation was made on Aug. 15, when the shares closed at about $538,107.It is separate from Buffett's annual gifts to the Bill & Melinda Gates Foundation and four charities overseen by his family. They have received more than $51 billion from Buffett since 2006.Berkshire did not immediately respond on Thursday to a request for more details about the latest donation.Buffett still owns 218,237 Class A shares of Berkshire, for an approximately 15% stake in the Omaha, Nebraska-based conglomerate he has run since 1965.Forbes magazine on Wednesday estimated Buffett's net worth at $118.3 billion, ranking fifth worldwide.Buffett has said more than 99% of his net worth will go to charity. He turns 93 on Aug. 30.Berkshire owns several dozen businesses including the BNSF railroad, Geico car insurance and many energy, manufacturing and retail operations.As of June 30 it also owned more than $353 billion of stocks, half of which was iPhone maker Apple.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":210105497690336,"gmtCreate":1692317507577,"gmtModify":1692317512446,"author":{"id":"3581584102044175","authorId":"3581584102044175","name":"Slayer888","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581584102044175","authorIdStr":"3581584102044175"},"htmlText":"Good karma&nbsp;","listText":"Good karma&nbsp;","text":"Good karma","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/210105497690336","repostId":2360078317,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":11,"commentSize":1,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2360078317"}