Buffett gives away more of his billions
NEW YORK: Billionaire Warren Buffett has donated another $2.86 billion (R41.02bn) of his holdings in Berkshire Hathaway to the Bill & Melinda Gates Foundation and four family charities as part of his plan to give away nearly his entire fortune.
Buffett’s 11th annual donation to the five charities comprised 19.61 million Class “B” shares of Berkshire and brought his total contributions to the charities to more than $24.3bn since 2006.
The Gates Foundation focuses on improving education and health and reducing poverty.
Buffett, 85, remains the world’s third- richest person, according to Forbes magazine.