Billionaire investor Warren Buffet has given over KSh 400 billion (N1,526,385,140,800) to charity.
The billionaire announced the donations on June 24, 2021, while also revealing that he would be stepping down from the Bill and Melinda Gates Foundation.
In the statement, the 90-year-old said he is giving away stock worth over KSh 400 billion (N1,526,385,140,800) from Berkshire Hathaway, his multinational conglomerate holding company.
I am halfway there
Forbes reported that the billionaire pledged to give away 99% of his wealth to charity in 2006.
He said:
“With today’s KSh 400 billion (N1,526,385,140,800) distribution, I’m halfway there."
Forbes estimated that the businessman’s fortune is worth over KSh 10 trillion (38,159,628,520,000). On his resignation from the Bill and Melinda Gates Foundation, Buffet said that his participation is not required for the foundation to achieve its goals.
Comments