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.