Warren Buffett Cuts Gates Foundation From $6 Billion Annual Gift Over Epstein Ties
New Delhi, July 15 -- OMAHA - Twenty years after declaring his gift to the Gates Foundation "irrevocable," Warren Buffett on Tuesday excluded it from his annual donation of Berkshire Hathaway shares, ending a philanthropic partnership that had channeled billions into the world's largest private charitable organization since 2006.
Buffett transferred 12 million Class B shares of Berkshire Hathaway (BRK.B), worth roughly $6 billion at current prices, to four foundations managed by his children. The Gates Foundation - which had received a portion of Buffett's Berkshire shares every year since the original pledge - received nothing.
CNBC, which first reported the development, said Tuesday's omission marks the first time since 2006 that Buff...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.