Tags: Buffett Stock | Gates Foundation

Buffett Gives $1.5B in Stock to Gates Foundation

Thursday, 07 Jul 2011 07:48 PM

 

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 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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:
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

F-16s Escort Two Airliners to Atlanta Airport After Bomb Threat

Saturday, 24 Jan 2015 18:37 PM

F-16 fighter jets escorted two passenger planes to Hartsfield-Jackson Atlanta International Airport following a bomb thr . . .

Patriots Accept No Blame Over Deflated Footballs

Saturday, 24 Jan 2015 15:54 PM

The New England Patriots said on Saturday they had followed every rule to the letter and accepted no blame for using f . . .

Vanderbilt Gang-rape Defense Points to Campus Culture

Saturday, 24 Jan 2015 13:46 PM

Defense attorneys for the former Vanderbilt University football players whose own cellphones show they participated in a . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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