{"id":34290,"date":"2017-07-11T06:13:29","date_gmt":"2017-07-11T06:13:29","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=34290"},"modified":"2017-07-11T06:13:29","modified_gmt":"2017-07-11T06:13:29","slug":"buffett-donates-3-17-billion-to-gates-charity-four-others","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/buffett-donates-3-17-billion-to-gates-charity-four-others.html","title":{"rendered":"Buffett donates $3.17 billion to Gates charity, four others"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">Buffett donates $3.17 billion to Gates charity, four others<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Buffett donates $3.17 billion to Gates charity, four others:- Warren Buffett on Monday donated roughly $3.17 billion of Berkshire Hathaway Inc stock to the Bill &amp; Melinda Gates Foundation and four family charities, his largest contribution in a more than decade-long plan to give away his fortune.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">The billionaire investor&#8217;s 12th annual donation to the five charities comprised 18.63 million Class &#8220;B&#8221; shares of Berkshire, valued at $170.25 each as of Monday&#8217;s market close.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Berkshire said Buffett, 86, has made $27.54 billion in donations since 2006 to the five charities, including roughly $21.9 billion to the Gates Foundation.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Buffett still owns about 17 percent of Berkshire, the Omaha, Nebraska-based conglomerate he has run since 1965, despite having donated more than 40 percent of his holdings.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">The Gates Foundation, which focuses on improving health, reducing poverty and aiding education, is receiving about $2.42 billion of Monday&#8217;s donations.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Buffett also donated to the Susan Thompson Buffett Foundation, named for his late first wife, and the Howard G. Buffett, Sherwood and NoVo Foundations, respectively overseen by his children, Howard, Susan and Peter.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Following Monday&#8217;s donation, Buffet remained the world&#8217;s fourth-richest person, according to Forbes magazine.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Before the donations were announced, Forbes estimated Buffett&#8217;s net worth at $76.3 billion, trailing Microsoft Corp co-founder Bill Gates&#8217; $89.4 billion, Amazon.com Inc founder Jeff Bezos&#8217; $84.8 billion, and Spanish retailing magnate Amancio Ortega&#8217;s $81.8 billion.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Gates is a close friend of Buffett and a Berkshire director.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Buffett typically reduces the number of shares he donates by 5 percent from the prior year.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">The charities usually sell the Berkshire shares to finance their activities, reflecting Buffett&#8217;s desire that his money be spent. Buffett also makes smaller donations to other charities.<\/span><\/p>\n<p><span style=\"font-size: 8pt;font-family: Arial, Helvetica, sans-serif\">Source:-\u00a0https:\/\/www.reuters.com\/article\/us-buffett-charities-idUSKBN19V2QY<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/buffett-donates-3-17-billion-to-gates-charity-four-others.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Buffett donates $3.17 billion to Gates charity, four others Buffett donates $3.17 billion to Gates charity, four others:- Warren Buffett on Monday donated roughly $3.17 billion of Berkshire Hathaway Inc stock to the Bill &amp; Melinda Gates Foundation and four family charities, his largest contribution in a more than decade-long [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":34295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[21096,10623,21095,21097,10624],"class_list":["post-34290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-amancio-ortega","tag-bill-gates","tag-buffett-donates-3-17-billion-to-gates-charity-four-others","tag-howard","tag-jeffrey-p-bezos"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/34290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=34290"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/34290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/34295"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=34290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=34290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=34290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}