Warren Buffett, Chairman and CEO of Berkshire Hathaway and the world’s fourth wealthiest man, is donating shares of Berkshire Hathaway, an American multinational conglomerate holding company, to five charities. The sum of his donation is said to be worth a staggering $3.6 billion. The selected charities are the Bill & Melinda Gates Foundation, Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation.
Buffett began donating some of his shares to charity in 2006. In 2010, he helped launch The Giving Pledge. With that pledge, hundreds of the wealthiest people in the world promised to donate a large portion of their wealth to philanthropic organizations. Buffett has vowed to donate over 99 percent of his fortune to charity. To date, he has donated roughly $34 billion to charity. The CPT loves Good News stories. Do you have one to share? Email us at email@example.com.