Warren Buffet is a staunch supporter of many things: the McMuffin, Diet Coke, and philanthropy. The Berkshire Hathaway CEO donated $4.6 billion of his Berkshire Hathaway stock (consisting of about 13.7 million B shares) to five charities in his annual donation on Wednesday. While the number of shares Buffett gives away decreases by 5% each year, it’s his largest in value yet thanks to the company’s climbing stock prices.
“Nothing extraordinary has occurred at Berkshire; a very long runway, simple, and generally sound decisions, the American tailwind and compounding effects produced my current wealth,” Buffett explained in a press release.
