Warren Buffett just donated about $5 billion of Berkshire Hathaway shares - and has now given up 54% of his stockpile
stock to philanthropic groups on Wednesday. Tally up the shares he's given away over the past 17 years, and they would be worth an astounding $132 billion today.that he converted roughly 9,100 of his Berkshire"A" shares into 13.7 million"B" shares, worth $4.6 billion as of Wednesday close.
Buffett is close friends with Bill Gates and the biggest financial backer of the Microsoft cofounder's foundation, which focuses on fighting poverty, disease, and inequity worldwide. The Susan Thompson Buffett Foundation is named after Buffett's late wife, while Buffett's three children each run one of the other three foundations.
Berkshire's stock price has climbed in recent years, lifting the value of Buffett's stake. As a result, the shares he's donated over time are worth about $50 billion based on their value when received, or more than his entire net worth in 2006. They're worth $132 billion at Berkshire's current stock price.
"The mathematics of the lifetime commitments to the five foundations are interesting," Buffett said in his press release on Wednesday, noting that he's donated more money than he originally had in 2006. He also emphasized that the scale of his giving is a product of several fundamental factors.
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