Overview

• The June 28 gift comprised about 12.36 million Class B shares, with 9.43 million going to the Bill & Melinda Gates Foundation and the remainder split across four family foundations.
• This donation is Buffett’s largest annual outlay since his 2006 giving pledge and pushes his cumulative contributions to targeted charities past $60 billion.
• His $152 billion net worth before the gift ranked him the world’s fifth-richest person, and he will drop to sixth after the donation.
• Last year’s will revision designates 99.5% of his residual estate to a trust overseen by his three children, who must unanimously allocate funds within ten years of his death.
• Buffett retains a 13.8% stake in Berkshire Hathaway, does not intend to sell shares, and has confirmed that Gates Foundation gifts will end upon his death.