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Warren Buffett on Tuesday transformed 1.6K Berkshire Hathaway A shares (NYSE:BRK.A) into 2.4M B shares (NYSE:BRK.B) with a purpose to donate these B shares to 4 charitable organizations. As of Tuesday’s shut, the two.4M B shares (BRK.B) amounted to $866.4M.
The Susan Thompson Buffett Basis acquired 1.5M BRK.B shares, and the The Sherwood Basis, The Howard G. Buffett Basis and NoVo Basis every acquired 300K BRK.B shares.
Buffett, chairman and CEO of Berkshire Hathaway (BRK.A) (BRK.B), mentioned the donations mirror these made at Thanksgiving in 2022, supplementing a few of the “lifetime pledges I made in 2006 and that proceed till my demise.”
“After my demise, the disposition of my belongings shall be an open ebook – no “imaginative” trusts or overseas entities to keep away from public scrutiny however quite a easy will accessible for inspection on the Douglas County Courthouse,” he added.