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Investor Warren Buffett gives away 1.9bn dollars

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Warren Buffett, Chairman and CEO of Berkshire Hathaway, has given away almost two billion dollars to charity

Warren Buffett, Chairman and CEO of Berkshire Hathaway, has given away almost two billion dollars to charity

Warren Buffett, Chairman and CEO of Berkshire Hathaway, has given away almost two billion dollars to charity

Investor Warren Buffett delivered his annual gifts of Berkshire Hathaway stock worth 1.9 billion US dollars (£1.2 billion) to the five foundations he promised the bulk of his 45 billion US dollar (£29.6 billion) fortune to.

Mr Buffett made his gift of 24.5 million Class B shares of Berkshire Hathaway stock on Thursday.

Most of the shares - 20.4 million - went to the Bill & Melinda Gates Foundation; the rest went to Mr Buffett's own foundation and those run by his three children.

After making these gifts, the 79-year-old Mr Buffett holds 350,000 Class A shares and 50.4 million Class B shares of stock in the company he runs.

Mr Buffett gives each foundation 5% of his remaining pledge annually in July in accordance with the plan he announced in 2006.

PA