Warren Buffett to donate $37 billion (USD) to Bill and Melinda Gates Foundation

June 26, 2006

Warren Buffett, the billionaire investor of Berkshire Hathaway Inc., announced on June 25 to Fortune magazine that he would be donating a total of $37 billion (USD) to the Bill and Melinda Gates Foundation, which is already worth over $29 billion, and other charities. Buffett, at 75, is one of the richest people on the planet with a fortune estimated at $44 billion. Buffett previously stated that he would give a mass portion of his wealth away to philanthropic purposes in his will when he died.