Warren Buffett, the billionaire who pledged to donate most of his wealth to charity, contributed stock valued at $1.52 billion in his annual gift to the foundation created by Microsoft Corp. (MSFT) co-founder Bill Gates.
Buffett, chairman and chief executive officer of Berkshire Hathaway Inc. (BRK/A) (A), donated about 18.4 million of his company’s Class B shares to the Bill and Melinda Gates Foundation, according to a filing issued yesterday. The shares closed at $82.54 in New York.
Buffett, a trustee of the foundation, is the third-richest man in the world, with a net worth of about $46 billion, according to the Bloomberg Billionaires Index, a daily ranking of the wealthiest people. He has campaigned to promote charitable giving.
“I urge people to unbutton their wallet, pull out a check, reach into their purse, whatever it takes,” Buffett, 81, said last year in a YouTube video. “You will find that when you give a dollar and something of yourself, a lot more than a dollar comes out the other end.”