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Berkshire, AIG, PGR Should Be on Investors' Radar Amid Grim Hurricane Forecast: CFRA
Warren Buffett to Donate $5.3 Billion Worth of Berkshire Hathaway Stock to Charity
Report: Buffett said that his new trust will be managed by his children after his death and no longer donate to the Gates Foundation fund.
According to reports, Warren Buffett's donations to the Bill and Melinda Gates Foundation will stop after his death, and a new charitable reits fund will be managed by his daughter and two sons. The 93-year-old Berkshire Hathaway director and CEO said he will not donate to the Gates Foundation after his death. Buffett's three children - Susie, Howard and Peter - must unanimously decide how to allocate future donations, with donations intended to be used to "help those less fortunate than us." According to the billionaire index, Buffett
"Stock God" Buffett: over 99% of his estate will be used for charitable purposes.
According to the Zhongtong Finance APP, 'Stock God' and CEO of Berkshire (BRK.A.US), Warren Buffett, stated on Friday that he will donate most of his wealth to charity after he dies. Buffett added that his will stipulates that more than 99% of his estate is 'destined for charitable causes'. In addition, Buffett will convert 8,674 Berkshire A shares into 13 million B shares and donate 13 million company B shares to five foundations. These five foundations are the Bill and Melinda Gates Foundation Trust, Susan Thompson Buffett Foundation, Sherwood Foundation,
Warren Buffet to Donate $5.3 Worth of Berkshire Hathaway Stock to Charity
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