![Berkshire Hathaway Inc. CEO Warren Buffett Interview Berkshire Hathaway Inc. CEO Warren Buffett Interview](https://api.time.com/wp-content/uploads/2015/07/486294109.jpg?quality=85&w=2400)
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.
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