Famed investor and billionaire philanthropist Warren Buffett, Chairman and CEO of Berkshire Hathaway, has announced a massive $6 billion donation in company stock to five charitable foundations. The latest act of generosity, revealed on June 27, 2025, brings his total donations since 2006 to approximately $60 billion. The bulk of this donation will benefit the Bill & Melinda Gates Foundation Trust, along with foundations closely connected to Buffett’s family.
Why in News?
The announcement is significant as it reinforces Buffett’s long-standing commitment to philanthropy and coincides with ongoing global discussions about wealth redistribution, legacy giving, and the role of billionaires in social responsibility. With Berkshire Hathaway’s Class B shares performing strongly in recent months, the timing and scale of the donation have drawn worldwide attention.
Donation Details
- Total amount donated: $6 billion in Class B shares of Berkshire Hathaway.
- Date of announcement: June 27, 2025; shares to be delivered on June 30, 2025.
- Total shares donated: Nearly 12.4 million Class B shares.
- Share price (as of June 27 close): $485.68 per share.
Foundations Receiving Donations
Foundation Shares Received
- Bill & Melinda Gates Foundation Trust/9.4 million shares
- Susan Thompson Buffett Foundation/943,384 shares
- Sherwood Foundation/660,366 shares
- Howard G. Buffett Foundation/660,366 shares
- NoVo Foundation/660,366 shares
Aim and Objective of the Donation
- Support philanthropic missions such as global health, education, poverty alleviation, empowerment of women, and rural development.
- Continue Buffett’s pledge to donate the vast majority of his wealth to public good.
- Empower his children to manage the remainder of his wealth after his death, as per his earlier public statements.
Background
- Buffett started donating his wealth in 2006, with a pledge to give away 99.5% of his estate.
- In 2021, he resigned as trustee from the Gates Foundation but remained a donor.
- His giving philosophy is rooted in “simple decisions, long-term investing, and the power of compounding.”