NEW YORK — Famed investor Warren Buffett is donating $6 billion worth of his company’s stock to five foundations, bringing the total he has given to them since 2006 to roughly $60 billion, based on their value when received.
Buffett said late Friday that the shares of Berkshire Hathaway will be delivered on Monday. Berkshire Hathaway owns Geico, Dairy Queen and a range of other businesses, and Buffett is donating nearly 12.4 million of the Class B shares of its stock. Those shares have a lower and easier-to-digest price tag than the company’s original Class A shares, and each of the B shares was worth $485.68 at their most recent close on Friday.
Send us your news Tell us about your business. CLICK HERE Send us your announcements, press releases, photos and more.
Albuquerque Journal business outlook reporters and editors want your story suggestions. Send your suggestions here to the business desk
Sign up now for free daily email newsletter
Success! An email has been sent to with a link to confirm list signup.
Error! There was an error processing your request.
Business Outlook Newsletter – Subscriber-Only
Exclusive Business Outlook Newsletter, delivered every Monday. Designed for paid subscribers, it provides narrative coverage of local trends, industry news, and key economic updates, going beyond the headlines to keep you informed.
Please enter a valid email address. Sign up Manage your lists We want to hear from you For general questions or concerns, email [email protected]
Read more on Albuquerque Journal
