The legendary investor said the timing was no coincidence as he was giving thanks to his children for their charitable work, and he donated more than $750 million in stock to four foundations.
I have a personal pride in how my children turned out, said Warren Buffet. They know I feel good about them, so I feel good. It is the ultimate endorsement that my kids don't want to be rich.
The first wife of the 92-year-old investor named the foundation after him. Three of his children's foundations received 300,000 Class B shares from him.
The Gates Foundation wasn't included in the recipients this time. TheOracle of Omaha has pledged to give away his fortune over time and has been making yearly donations to the same charities.
He gave 11 million Class B shares to the Gates Foundation in June of this year.
All Rights Reserved © 2024
