Warren Buffett has once again dug deep down in his pockets to make a sizable donation. The “Oracle” of Omaha donated $1.78 billion this week to the Bill & Melinda Gates Foundation and several other charities as part of his 2006 plan to donate 99 percent of his wealth.
Buffett according to the SEC donated 23.31 million Class B shares of Berkshire Hathaway Inc (BRKa.N) (BRKb.N) with 19.34 million of those shares going to the Gates Foundation.
Along with the Gates Foundation Buffett made donations to his families charities including the Susan Thompson Buffett Foundation (his first wife), and charities for children Susan, Peter and Howard.
Warren Buffett has already donated $11 billion of Berkshire shares with much of that money going to the Bill & Melinda Gates foundation which aims to fight education, health and poverty problems around the world and largely in developing countries where they can get the most “bang for the buck.”