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How Warren Buffett donated $3.17 Billion to Charity in a single day! (Details)

Warren Buffett has built one of the greatest fortunes in
history, and on Monday he continued his quest to give it all away. For
the 12th time, the Berkshire Hathaway chairman has made his annual
summer donation, this year gifting Berkshire stock worth more than $3.17
billion to charity.

The staggering
sum is Buffett’s biggest-ever summer donation, topping last year’s $2.86
billion gift, thanks to the rising value of his conglomerate’s share
price over the past year. Berkshire stock is up 17% since last July,
closing at $170.25 on Monday. .
The
bulk, reportedly about $2.4 billion, was placed in the hands of the
richest man on the planet, Bill Gates. The Bill and Melinda Gates
Foundation, run by the Microsoft cofounder and his wife, focuses on
causes like ending world poverty, improving U.S. schools and combating
infectious diseases like HIV, polio and malaria. .
Just
as in years past, Buffett is also giving hundreds of millions to four
charities connected to close family members: the Susan Thompson Buffett
Foundation, the charity named for his late wife that focuses on family
planning programs and college scholarships, plus each of his three
children’s foundations — the Howard G. Buffett Foundation, the Sherwood
Foundation and the NoVo Foundation — which are run by Howard, Susan
and Peter Buffett, respectively.

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