Warren Buffett Is Disposing of His Berkshire Shares. Here's How.
The wealthy investor is accelerating his disposal of Berkshire shares to charities.
Overview
Warren Buffett has a new plan to dispose of all his Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) shares. The legendary investor and former CEO of Berkshire owns about 188,000 Class A shares of the conglomerate he built over five decades, as well as more than 1,100 Class B shares. Those shares mean Buffett's net worth is approximately $150 billion, making him one of the world's wealthiest individuals.
Image source: Getty Images.
In 2006, Buffett pledged to gradually give away all his Berkshire stock to philanthropic foundations. This week, he announced a plan to accelerate that process and also changed the recipients of all that wealth, saying in a Berkshire news release dated July 14, "My goal is to dispose of all of my Berkshire shares within about eight years."
Details
Source
Originally published at www.fool.com.
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