Warren Buffett Makes Huge $2.8 Billion Donation To Bill Gates And Family Charities

Berkshire Hathaway CEO Warren Buffett in Omaha

This week, Warren Buffett donated $2.8 billion of Berkshire Hathaway Inc stock to five charities as part of his plan to give away most of his wealth.

According to a regulatory filing, the billionaire donated approximately 21.73 million Class “B” shares. About 16.6 million shares – which are worth over $2.1 billion – was donated to the Bill and Melinda Gates Foundation, a foundation that focuses on the world’s education, health and poverty issues.

The remainder of the monetary gift went to four family charities, which included a foundation named after his late first wife Susan and foundations of his three children – Howard, Peter and Susan.

This $2.8 billion is the largest amount that the billionaire has donated to charity since 2006, when he first began making annual gifts.

The only people who are worth more money than Buffett are Mexico telecommunications mogul Carlos Slim and Bill Gates, according to Forbes. Buffett is still in control of almost 20 percent of Berkshire’s stock, which made him worth $65.8 billion on Monday.

Buffett has run Berkshire since 1965, and the company currently has over 80 operating businesses. Berkshire ended March with over $146 billion of stock and bond investments.