Warren Buffett made $870 million in donations before Thanksgiving
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On the eve of Thanksgiving, American billionaire Warren Buffett donated $870 million to four charities. One of them, The Susan Thompson Buffett Foundation, is named after Mr. Buffett’s wife, who died in 2004; the other three foundations (The Sherwood Foundation, The Howard G. Buffett Foundation and The NoVo Foundation) are managed by his children. The donations were made in the form of shares of the Berkshire Hathaway investment fund owned by Mr. Buffett. A total of 2.4 million shares were allocated to the four funds.
Mr. Buffett has donated to these funds every year since 2006. Last year, before Thanksgiving, he donated the same amount of shares, which were worth $750 million. Mr. Buffett is one of the billionaires who has pledged to give away most of his wealth to charity. His fortune is now estimated at $120 billion, and he has already donated more than $51 billion to charitable causes.
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