Warren Buffett Net Worth: Warren Buffet, one of the world’s largest investors, has once again created history. On Friday, he donated shares worth about 50 thousand crore rupees ($ 6 billion) of Berkshire Hathaway. This donation is his biggest annual donation amount ever. Let me tell you, Warren Buffet has been making such big donations since 2006.

Who got this donation of buffet?

Buffet donated more than 1 crore 23 lakh class B shares. Out of this, 94 lakh 30 thousand shares were received by Bill and Melinda Gates Foundation. Whereas, 9 lakh 43 thousand shares were given to Susan Thompson Buffett Foundation. At the same time, 6 lakh 60 thousand shares were given to each to every three foundation, howard g Buffett Foundation, Sherwood Foundation and Novo Foundation.

The total amount of donation is now more than Rs 5 lakh crore

With this new announcement, Warren Buffet has so far donated more than $ 60 billion (about 5 lakh crore rupees). Nevertheless, according to Reuters, he still has a 13.8 percent stake in Berkshire Hathaway.

Fall in net worth, but still in top 10

Before the donation, Buffet’s total assets were estimated at $ 152 billion. After this donation, he became the sixth richest person in the world. The donation crossed his $ 5.3 billion in June last year and $ 1.14 billion in November.

What did Buffet say?

The 94 -year -old Buffet clearly said that he is still not going to sell any shares of Berkshire Hathaway. He has taken over the command of this company since 1965, which now has a value of $ 1.05 trillion and has a stake of big companies like Geico, BNSF Railway, Apple and American Express.

Full planning of donation after death

Last year, Buffet made it clear in his will that 99.5 percent of the assets would be given to a charitable trust after his death. All three of their children will conduct this trust together and they will have to decide the use of that money within 10 years. However, he also told that the Gates Foundation will not get any donation after death.

What do Foundation of Buffett family do?

Susan Thompson Buffett Foundation, Reproductive Health and Women’s Rights. At the same time, Sherwood Foundation, Nebraska supports the state’s NGO and elementary education. Whereas, Howard G Buffett Foundation works on hunger, human trafficking and global conflicts. Talking about Novo Foundation, it fights for the rights of marginalized girls, women and tribal communities.

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When Warren Buffet stood at the age of 94 in the last minutes of the 60th annual meeting of Hathaway, everyone understood that he would tell an investment formula or a funny anecdote as usual.

But he said something that shocked everyone. Even his successor Greg Abel was not aware of this news. Buffett announced that this would be his last shareholders meeting and will now take over the company’s reins.

29 lakh crore responsibility on Abel’s shoulder

Greg Abel has a $ 1.2 trillion dollars’ responsibility on the shoulders. Along with this, he also has the responsibility of stocks from veteran stocks like Apple and American Express to insurance, energy, railway and consumer brands. Apart from this, they are getting inherited cash of $ 350 billion, they are about 29 lakh crores in Indian rupees. Now the question arises that how will Greg Abel bear all these responsibilities.

Buffet’s magic and abbal test

Alice Shroder, who wrote a biography of Warren Buffett, says that Buffett’s charisma was different and it is difficult to repeat it. However, Abel has already proved his ability. He brought Berkshire’s energy unit to large heights and made many big deals. But now they will have real test. Actually, Berkshire has a huge investment portfolio, which is very big responsibility to handle.

What will happen to 4 lakh employees?

About 4 lakh employees work in Berkshire. In such a situation, after Warren Buffet, this big question has arisen whether Abel will be able to handle these 4 lakh employees. However, Abel has said that he will follow the principles of Buffett. But there are many questions in the minds of investors whether Berkshire’s stock will be equally attractive without buffett? Will the company give dividend or increase share back?

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