Wednesday, June 23, 2021

Buffett has given away half of his Berkshire Hathaway shares and his wealth has increased by 2,3 times at the same time.

Warren Buffett wrote today June 23rd 2021: 

"Today is a milestone for me. In 2006, I pledged to distribute all of my Berkshire Hathaway shares – more than 99% of my net worth – to philanthropy. With today’s $4.1 billion distribution, I’m halfway there. In June of 2006, I owned 474,998 “A” shares. Now, I own 238,624 shares. All remain destined for philanthropy."

In June 2006 the price of an A share was $91 000 per share. With 474 998 shares Buffett owned $43,2 billion in shares (mark-to-market).

Today the price of an A share is: $415 339 per share. With 238 624 shares left Buffett now owns $99,1 billion. 

If he had not sold his mark-to-market value would have been: $197b making him the richest man in the world. 

A smiling Buffett in 2006 when he, Bill and Melinda Gates set up the Giving Pledge. His letter: 


No comments: