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Posts Tagged ‘bill and melinda’

Warren Buffett Contributes Billions to Charity

July 9th, 2013 Comments off

Billionaire investor Warren Buffett, as part of his pledge to annually donate to five foundations, donated 17,458,431 of class B shares of Berkshire Hathaway (NYSE:BRKB), worth $2 billion, to the Bill and Melinda Gates Foundation. He donated $200 million of the same stock to the Susan Thompson Buffett Foundation, in honor of his late wife. Additionally, he gave 1,222,085 shares, worth $140 million, to each of three foundations: Howard G. Buffett, named for his son, as well as the NoVo and Sherwood foundations. CNNMoney reports the Gates Foundation has set its sights on alleviating global poverty, with a particular focus on eradicating malaria. BRKB closed today at $115.16 per share. As MHProNews knows, Berkshire Hathaway is the parent company of Clayton Homes, the largest North American producer of manufactured housing.

(Photo credit: Yoshikazu Tsuno/AFP Getty Images–Warren Buffett)

How Much for Lunch? Millions!

June 4th, 2013 Comments off

For the 14th consecutive year Berkshire Hathaway CEO Warren Buffett is auctioning off a power lunch for eight on E-bay, his annual anti-poverty fundraiser that fuels the San Francisco charity GLIDE. The non-profit provides some 800,000 meals each year to the hungry, and has received $15 million since the auction began in 2000. CNNMoney tells MHProNews an anonymous donor last year won the bid for nearly $3.5 million. Bidding began Sunday evening June 2 at $25,000 and reached $130,000 by Monday morning. One of the world’s wealthiest and most generous men, Buffett intends to give away the bulk of his wealth, much of it to the Bill and Melinda Gates Foundation. He has pledges from over 100 billionaires around the world to leave half of their net worth to charity. Berkshire Hathaway is the parent company of Clayton Homes, North America’s largest producer of manufactured homes.

(Photo credit: Clayton Homes)