Warren Buffett's charitable giving exceeds $50 billion, more than his entire net worth in 2006

Warren Buffett has made different yearly donation to 5 foundations, boosting his full charitable giving to much than $50 cardinal — importantly higher than his full nett worthy successful 2006 erstwhile helium archetypal scheduled the grants.

The 92-year-old legendary capitalist said Thursday helium has converted implicit 9,000 Berkshire A shares into B shares successful bid to donate 13.7 cardinal B shares to 5 foundations. A full of 10.5 cardinal shares were delivered to the Bill & Melinda Gates Foundation Trust, and 1.05 cardinal shares were donated to the Susan Thompson Buffett Foundation, named for his archetypal wife, who died successful 2004.

Another 2.2 cardinal shares were divided evenly among the 3 foundations tally by his children: the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation. As of 1:30 p.m. ET, the B shares were worthy astir $336 apiece.

The "Oracle of Omaha" said the docket for yearly grants was made connected June 26, 2006, erstwhile helium owned $43 cardinal of Berkshire A shares, which represented much than 98% of his nett worth. Buffett pledged successful a 2006 missive to marque yearly gifts of Berkshire B shares passim his beingness for the payment of the Bill & Melinda Gates Foundation. 

"During the pursuing 17 years, I person neither bought nor sold immoderate A oregon B shares nor bash I mean to bash so. The 5 foundations person received Berkshire B shares that had a worth erstwhile received of astir $50 billion, substantially much than my full nett worthy successful 2006," Buffett said. "I person nary debts and my remaining A shares are worthy astir $112 billion, good implicit 99% of my nett worth."

Last year, Buffett donated much than $750 cardinal to the 4 foundations associated with his household connected Thanksgiving eve arsenic the "ultimate endorsement" successful his children.

Buffett plans to springiness distant each of his Berkshire shares done yearly gifts, which volition beryllium completed 10 years aft his property is settled. After this year's donation, Buffett present owns 218,287 A shares and 344 B shares.

"Nothing bonzer has occurred astatine Berkshire; a precise agelong runway, elemental and mostly dependable decisions, the American tailwind and compounding effects produced my existent wealth," Buffett said. "My volition provides that much than 99% of my property is destined for philanthropic usage."

The Omaha, Nebraska-based conglomerate, a sprawling empire with businesses ranging from security to railroads, and utilities to vigor and retail, is present worthy much than $730 billion.