Buffett donated Berkshire B shares worth $6 billion to five foundations.
Odaily News Berkshire Hathaway (BRK.A.N, BRK.B.N) announced on June 27 local time that Buffett converted 8,239 A shares into 12,358,500 B shares on that day, in order to donate 12,358,321 shares of Berkshire Hathaway Class B stock to five foundations: of which 9,433,839 shares were donated to the Bill & Melinda Gates Foundation; 943,384 shares were donated to the Susan Thompson Buffett Foundation; and 660,366 shares were donated to the Sherwood Foundation, Howard G. Buffett Foundation, and Novo Foundation, respectively. The donations will be credited on June 30. Buffett currently holds 198,117 shares of A stock and 1,144 shares of B stock in Berkshire. (Jin10)