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“Father Time always wins,” Buffett said in a Monday letter to shareholders. “To date, I’ve been very lucky, but, before long, he will get around to me.”
Even after converting 1,600 Class A shares into 2.4 million Class B Berkshire shares and giving them away, Buffett still owns 206,363 Class A shares and controls more than 30% of the vote. Show ...
Buffett, 94, plans to donate 99.5% of his remaining wealth, now valued at more than $150 billion by Forbes magazine, to a charitable trust overseen by his daughter and two sons when he dies.
[192] [193] He said he had paid $1.85 million in federal income taxes in 2015 on an adjusted gross income of $11.6 million, meaning he had an effective federal income tax rate of around 16 percent. Buffett also said he had made more than $2.8 billion worth of donations last year. [193]
Decades of success and $150 billion later, investor Warren Buffett has identified one key to his unquestioned success: being a white guy. In a Monday letter to shareholders announcing more than $1 ...
On June 25, 2006, Warren Buffett pledged to give the foundation approximately 10 million Berkshire Hathaway Class B shares (then valued at $3,071 each, before a 50–1 stock split in 2010) spread over multiple years through annual contributions, with the first year's donation of 500,000 shares being worth approximately $1.5 billion.
Berkshire Hathaway hit a $1 trillion market value, and its cash pile ballooned to more than $300 billion. Buffett donated some $6 billion to good causes and updated his plan for postmortem giving.
In June 2010, the Giving Pledge campaign was formally announced and Bill Gates, Melinda French Gates, and Warren Buffett began recruiting members. [5] As of August 2010, the aggregate wealth of the first 40 pledgers was $125 billion. [6]