Buffett’s $6B Donation: Generous Gesture or Market Mover for Berkshire Hathaway (BRK.B)?

Berkshire Hathaway Inc. (NYSE:BRK-B) is one of the 13 best blue-chip stocks to buy, according to analysts. On June 30, it emerged that renowned investor and CEO, Warren Buffett plans to donate $6 billion worth of company shares. The donation is to be given to the charities of the billionaire investor’s choice.

Buffett’s $6B Donation: Generous Gesture or Market Mover for Berkshire Hathaway (BRK.B)?

Buffett is to give away $12.36 million of the company’s shares to five charities. The Bill & Melinda Gates Foundation trust is the largest beneficiary, poised to receive 9.4 million Berkshire Hathaway shares. The Susan Thompson Buffett Foundation is to receive 943,384 shares.

The Buffett Children’s Foundation, the Sherwood Foundation, the Howard G. Buffett Foundation, and the NoVo Foundation are to receive 660,366 shares each. Buffett has donated over $60 billion since he started donating his wealth in 2006.

Berkshire Hathaway Inc. (NYSE:BRK-B) is a multinational conglomerate holding company with investments in diverse industries, including insurance, rail transportation, energy, manufacturing, and retail. It also has significant investments in publicly traded companies.

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