Warren Buffett Donates 36.2 Billion KRW Worth of Stocks to Charity

Warren Buffett, the investor regarded as a global philanthropy leader, donated 36.2 billion won worth of company shares to an anonymous charity.

According to documents submitted by Berkshire Hathaway to the U.S. Securities and Exchange Commission (SEC) on the night of the 16th (local time), Buffett donated 50 shares of Berkshire Hathaway Class A stock to a charity the day before. Based on the closing price on the 15th, the donation amounts to $538,107 per share, totaling $27 million (approximately 36.2 billion won).

Earlier in June, he donated 13.7 million shares of Berkshire Hathaway Class B stock worth $4.64 billion to five charities, including the Bill & Melinda Gates Foundation. Foreign media explained that "this donation is separate from the one made in June."

Berkshire Hathaway's stock is divided into Class A and Class B based on voting rights and dividend structure, with Class A shares priced about 1,500 times higher than Class B shares.

Warren Buffett. [Photo by AP News]

In 2010, Buffett, along with Bill Gates, the founder of Microsoft (MS), launched the 'Giving Pledge,' a commitment by wealthy individuals to donate. Since then, he has annually donated portions of Berkshire Hathaway stock to charities. Buffett has pledged to donate over 99% of his assets to charity and has been steadily fulfilling this promise.

So far, Buffett has donated more than half of his Berkshire Hathaway shares but still holds 218,237 Class A shares (15% stake).

According to Forbes' 2023 billionaire rankings, Buffett holds assets worth $118.3 billion (approximately 158.5 trillion won), ranking him as the 5th richest person in the world.

This content was produced with the assistance of AI translation services.