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Tuesday, 11 July 2017

Check In to see How Warren Buffett donated $3.17 Billion to Charity just within 24hours! (Details)

Warren Buffett has constructed one of the best fortunes ever, and on Monday he proceeded with his mission to give it all away. For the twelfth time, the Berkshire Hathaway executive has made his yearly summer gift, this year donation Berkshire stock worth more than $3.17 billion to charity.The staggering sum is Buffett’s biggest-ever summer donation, topping last year’s $2.86 billion gift, thanks to the rising value of his conglomerate’s share price over the past year. Berkshire stock is up 17% since last July, closing at $170.25 on Monday. .
The bulk, reportedly about $2.4 billion, was placed in the hands of the richest man on the planet, Bill Gates. The Bill and Melinda Gates Foundation, run by the Microsoft cofounder and his wife, focuses on causes like ending world poverty, improving U.S. schools and combating infectious diseases like HIV, polio and malaria. .
Just as in years past, Buffett is also giving hundreds of millions to four charities connected to close family members: the Susan Thompson Buffett Foundation, the charity named for his late wife that focuses on family planning programs and college scholarships, plus each of his three children’s foundations -- the Howard G. Buffett Foundation, the Sherwood Foundation and the NoVo Foundation -- which are run by Howard, Susan and Peter Buffett, respectively.








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