US Tycoon Warren Buffet Donates Over R52 Billion of His Wealth to Charity
- Warren Buffet announced that he is giving away shares worth over R52 billion to charity
- The move is in line with his 2006 pledge to give away 99% of his wealth
- Buffet also announced that he is stepping down from the Bill and Melinda Gates Foundation
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Billionaire investor Warren Buffet has given over R52 billion to charity.
Source: UGC
The billionaire announced the donations on 24 June, 2021, while also revealing that he would be stepping down from the Bill and Melinda Gates Foundation.
In the statement, the 90-year-old said he is giving away stock worth over R52 billion from Berkshire Hathaway, his multinational conglomerate holding company.
Forbes reported that the billionaire pledged to give away 99% of his wealth to charity in 2006.
“With today’s R52 billion distribution, I’m halfway there,” Buffet said in a statement.
Forbes estimated that the businessman’s fortune is worth over $105.3 billion.
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On his resignation from the Bill and Melinda Gates Foundation, Buffet said that his participation is not required for the foundation to achieve its goals. However, he did not mention Bill and Melinda’s ongoing divorce.
Buffet's donation comes soon after McKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, donated over $2.7 billion to charity.
A woman's day was made after she received a wonderful donation
In other inspiring news, Briefly News reported that community members in Northriding recently came together to help a woman, Lebo, who went viral after she was captured begging police officers not to confiscate her doggy beds, which she was selling on the side of the road.
According to a post made in Facebook's ImStaying by Shireen Ebrahim, community members in the area decided to pitch money together to pay the R3 700 fine that the young woman was charged for selling her products without a licence. The post on Facebook read:
"Her fine for the confiscated goods was R3 700, the community and various members supported her in paying this in full. The process has kicked off for a trading vendor licence."
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Source: Briefly News
Kelly Lippke (Senior Editor) Kelly Lippke is a copy editor/proofreader who started her career at the Northern-Natal Courier with a BA in Communication Science/Psychology (Unisa, 2007). Kelly has worked for several Caxton publications, including the Highway Mail and Northglen News. Kelly’s unique editing perspective stems from an additional major in Linguistics. Kelly joined Briefly News in 2018 and she has 14 years of experience. Kelly has also passed a set of trainings by Google News Initiative. You can reach her at kelly.lippke@briefly.co.za.
Reeshni Chetty Reeshni Chetty is a senior current affairs reporter. The Damelin journalism and media studies graduate was top of her class with 16 distinctions and she boasts experience in radio, print and digital media. When Reeshni is not rushing to bring you the most important and breaking news in current affairs, she's raising awareness around mental health. Reeshni has a passion for breaking the stigma surrounding mental health issues.
