Buffett Gives $1.5B in Stock to Gates Foundation

Thursday, 07 Jul 2011 07:48 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

SEATTLE (AP) — Investor Warren Buffett has made his annual gift of Berkshire Hathaway stock to the Bill & Melinda Gates Foundation, turning over about $1.5 billion worth of stock.

According to a Thursday filing with the Securities and Exchange Commission, Buffett donated 19.34 million Class B shares of the company's stock.

The closing price of Class B shares on Thursday was $77.77.

The gift is the fifth installment in Buffett's plan to transfer the majority of his wealth to the Seattle-based foundation run by the Microsoft Corp. co-founder and his wife. The foundation is the world's largest with an endowment of $37.1 billion as of March 31.

Omaha, Neb.-based Berkshire Hathaway owns a mix of more than 60 companies, including insurance, furniture, carpet, jewelry, restaurants and utility businesses.

___

On the Net:

Berkshire Hathaway Inc.: www.berkshirehathaway.com

Gates Foundation: www.gatesfoundation.org

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Joan Rivers in Medically Induced Coma After Cardiac Arrest: Report

Thursday, 28 Aug 2014 19:45 PM

Comic Joan Rivers was hospitalized in critical condition Thursday morning after she reportedly went into cardiac arrest  . . .

Another Flight Diverts in Reclined-Seat Flap

Thursday, 28 Aug 2014 19:21 PM

An outburst over a reclined seat led an American Airlines flight to divert to Boston, at least the second such incident  . . .

NFL to Ban 2nd-Time Domestic Violence Offenders

Thursday, 28 Aug 2014 16:18 PM

NFL players will be subject to a six-week suspension for a first domestic violence offense and banishment from the leagu . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved