Warren Buffett has donated more than $50 billion to charity.

The 92-year-old investment legend has just donated to five more organizations, bringing his total charitable giving to more than $50 billion.

On June 22, Warren Buffett announced that he had donated 13.7 million Class B shares of his investment company Berkshire Hathaway to five organizations. Of these, 10.5 million shares were sent to the Bill & Melinda Gates Foundation Trust. 1.05 million shares were sent to the Susan Thompson Buffett Foundation - a charity named after his first wife, who passed away in 2004.

The remaining shares are divided equally between three funds: the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation - run by the billionaire's children. Currently, each Class B share of Berkshire is worth nearly $340.

Warren Buffett at the 2019 Berkshire shareholder meeting. Photo: AP

Buffett has been planning to give away his fortune every year since 2006. At that time, his fortune was more than $40 billion, mostly from Berkshire stock. In 2006, Buffett pledged to donate Berkshire stock annually to the Bill & Melinda Gates Foundation while he was alive.

"For the past 17 years, I have not bought or sold Berkshire's Class A or Class B shares and have no intention of doing so. The five funds have received shares worth about $50 billion, much more than my entire fortune in 2006. I have no debt and currently own about $112 billion of Berkshire's Class A shares," Buffett said.

Last Thanksgiving, Buffett donated more than $750 million to four organizations related to his family, to show "support" for his children. Buffett plans to give away all of his Berkshire shares through annual charity.

"Nothing unusual is happening at Berkshire. Investment decisions are still very simple, calculated for the long term. The favorable conditions in the US economy and the compound interest effect will protect my assets. I will give away more than 99% of my assets as planned," the billionaire said.

Ha Thu (according to CNBC)

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