Warren Buffett: Berkshire Hathaway stock worth $130 billion
Commonly known as an American business magnate, Warren Buffet is an investor and famous for his philanthropic mission. He was born in Omaha, Nebraska, United States on 30 August, 1930.Buffett is widely regarded as one of the most successful investors in the world and has amassed significant wealth through his investment company, Berkshire Hathaway.
👉 Warren Buffet as a successful investor and a philanthropist
Buffett developed an interest in investing at a young age and started his first business ventures as a child. He began his professional career by working at various investment firms, and in 1956, he founded his own investment partnership. Over time, he transformed that partnership into Berkshire Hathaway, a conglomerate holding company.
Under Buffett's leadership, Berkshire Hathaway has become a major player in various industries, including insurance (Geico, Berkshire Hathaway Assurance), railroads (BNSF Railway), energy (MidAmerican Energy), manufacturing, and retail. The company has also invested in a wide range of publicly traded companies such as Coca-Cola, American Express, Apple, and Bank of America.
👉 Buffett’s investment philosophy
Buffett is known for his long-term investment philosophy, often referred to as "value investing." He seeks out companies with strong fundamentals and long-term growth potential and holds onto his investments for extended periods. His approach emphasizes the importance of understanding the intrinsic value of a company before investing in it.
However, Warren Buffett's philanthropic endeavors have established him as one of the world's most magnanimous benefactors. He has pledged to give away 99% of his wealth to charity. In 2023, Warren Buffett has continued his philanthropic work by donating billions of dollars to various causes.
👉 Notable charities that Buffett has donated
The Gates Foundation: Buffett has donated over $36 billion to the Gates Foundation, which is one of the world's largest charitable foundations. In January, Buffett donated $1 billion to the Gates Foundation. This is the largest single donation that Buffett has ever made to the Gates Foundation. The donation will be used to support the foundation's work in global health, education, and development.
The Susan Thompson Buffett Foundation: This foundation is named after Buffett's late wife, and it focuses on improving the lives of women and girls around the world. In March 2023, Buffett donated $500 million to the Susan Thompson Buffett Foundation.
The Sherwood Foundation: This foundation supports nonprofits in Nebraska, where Buffett is from. In May 2023, Buffett donated $250 million to the Sherwood Foundation.
The NoVo Foundation: This foundation works to empower girls and women around the world. In June 2023, Buffett donated $100 million to the NoVo Foundation.
👉 Warren Buffet’s philanthropic donation till June, 2023
On June 22, 2023, Warren Buffett donated Berkshire Hathaway stock worth $130 billion to five philanthropic groups:
(1) The Bill & Melinda Gates Foundation
(2) The Susan Thompson Buffett Foundation
(3) The Sherwood Foundation
(4) The Howard G. Buffett Foundation
(5) The NoVo Foundation
The donations were made in the form of Class B shares of Berkshire Hathaway, which are less liquid than Class A shares. However, the value of the donations is still significant, as Class B shares are currently trading at around $260 each.
However, Buffett's philanthropic work has had a significant impact on the world. His donations have helped to improve the lives of millions of people around the world, and his work has inspired others to give back to society. He has shown that it is possible to be both successful in business and generous in giving back to society. His work is making a real difference in the lives of millions of people around the world.
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