Search
Berkshire Hathaway Inc. CEO Warren Buffett Interview
Berkshire Hathaway CEO Warren Buffett is giving away $2.8 billion as part of his annual donation pledge. Bloomberg—Bloomberg via Getty Images

Warren Buffett Donates $2.8 Billion ... Again

Billionaire investor Warren Buffett is the gift that keeps on giving.

The Berkshire Hathaway CEO on Monday donated $2.8 billion to five foundations as a part of his annual pledge.

Around 20.6 billion shares of Berkshire Hathaway class B stock will be donated to the Bill and Melinda Gates, Susan Thompson Buffett, Sherwood, Howard G. Buffett and NoVo Foundations, the company announced in a statement.

It marks Buffett's tenth annual gift to charities. Last year, Buffett set a personal philanthropy record when he donated an equivalent $2.8 billion.

Buffett's donation follows the recent headline-making news by Alwaleed bin Talal. The Saudi Prince said he plans to give away his entire fortune worth $32 billion to philanthropic causes over the next few years.

All products and services featured are based solely on editorial selection. TIME may receive compensation for some links to products and services on this website.