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Billionaire Buffett Gifts $1.3B to Family Foundations Before Retirement
12 Nov
Summary
- Buffett to retire by end of 2025
- Donates over $1.3 billion in shares to 4 family foundations
- Foundations focus on scholarships, infrastructure, and empowering women
In a recent letter to shareholders, billionaire investor Warren Buffett, the CEO of Berkshire Hathaway, has announced that he will be retiring by the end of 2025. As part of his retirement plans, Buffett has converted 1,800 of his A shares into 2,700,000 B shares, which he is donating to four family foundations.
The total value of these donated shares amounts to over $1.3 billion. The donations were credited to the foundations on Monday, November 10, 2025. The recipients include the Susan Thompson Buffett Foundation, the Sherwood Foundation, the Howard G. Buffett Foundation, and the NoVo Foundation.
These foundations have been established to support various philanthropic initiatives. The Susan Thompson Buffett Foundation provides scholarships to college students in Nebraska, the Sherwood Foundation focuses on improving infrastructure and livelihoods in the state, the Howard G. Buffett Foundation works to address global issues like food security and human trafficking, and the NoVo Foundation empowers women and girls around the world.
With this generous parting gift, Buffett, known as the "Oracle of Omaha," is ensuring that his legacy of giving back to the community will continue long after his retirement.
