A teary Bill Gates goes back in time, recalls Warren Buffett's friendly donation worth $36 bn
Channel: LATEST INFO TECH
Date: 2022-06-16

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The bond between billionaires Bill Gates and Warren Buffett is an open secret.

From playing Bridge online during the pandemic to saving the world with their philanthropic gestures.

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Eleven million shares will go to the Bill & Melinda Gates Foundation, and 1.1 million will go to the Susan Thompson Buffett Foundation, named for Buffett's late first wife. Another 770,000 shares will also go to each of three charities run by Buffett's children Howard, Susan, and Peter: the Howard G. Buffett Foundation, the Sherwood Foundation, and the Novo Foundation.

Humbled by Buffett's war gesture, the Microsoft founder said he was left in tears. The tech boss took a trip down the memory lane to recall his close friend's annual gifts worth $36 billion to the foundation which he began in 2006.

Since 2006, the 91-year-old Buffett has donated more than half of his Berkshire shares, with the donations worth about $45.5 billion at the time they were made.

Bill Gates
@BillGates
I’m grateful for Warren’s gifts to support the foundation’s work and for our many years of friendship. When he decided in 2006 to make these gifts, it moved me to tears. It still does.

Mark Suzman
@MSuzman
Today, we received Warren Buffett’s annual gift, bringing his contributions to more than $36 billion since 2006. Thank you, Warren for your continued generosity and your belief in the mission of the Bill & Melinda Gates Foundation. https://berkshirehathaway.com/news/jun1422.pdf
Gates further said that he was grateful for many years of friendship with Buffett.

Despite the donations, Buffett still owns approximately 16 percent of Berkshire and controls about one-third of its voting power.

Buffett and Gates also pioneered "The Giving Pledge," where more than 200 people like Michael Bloomberg, Larry Ellison, Carl Icahn, Elon Musk, and Mark Zuckerberg committed at least half their fortunes to philanthropy.

(With inputs from Reuters)

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