Search
 

Buffett Giving Gates Foundation $31 B In Shares

Warren E. Buffett, chairman and chief executive officer of Berkshire Hathaway, which is the parent of GEICO Corp., has announced he will donate the bulk of his shares in the company to the Bill & Meli

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Warren E. Buffett, chairman and chief executive officer of Berkshire Hathaway, which is the parent of GEICO Corp., has announced he will donate the bulk of his shares in the company to the Bill & Melinda Gates Foundation (BMG).

In a “Dear Bill and Melinda” letter, dated Friday, Mr. Buffett said he admires the work of their foundation and wants to help expand their activities. He plans to give BMG about $31 billion of his $44 billion fortune.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.