Overview
- He transferred about 12.36 million Class B shares, including 9.43 million to the Bill & Melinda Gates Foundation.
- This record annual gift exceeds last year’s $5.3 billion donation and brings his lifetime contributions above $60 billion.
- The Susan Thompson Buffett Foundation received 943,384 shares while the Howard G. Buffett, Sherwood and NoVo foundations each got 660,366 shares.
- Buffett’s net worth of $152 billion before the gift placed him fifth on the Forbes rich list and will drop him to sixth after the transfer.
- A 2024 will amendment channels 99.5 percent of his remaining estate into a trust run by his three children, who have ten years to distribute its assets.