Monday, June 26, 2006

Billionaire donates $37bn to Gates charity

"Billionaire investor Warren Buffett is to donate about $37bn (£20bn) - most of his vast personal fortune - to Bill Gates' charitable foundation. Mr Buffett will hand 10 million shares in his Berkshire Hathaway firm to the Bill and Melinda Gates Foundation.

"In a statement, Mr and Mrs Gates said they were 'awed' by the donation, thought to be the largest charitable gift ever made in the United States.

"The foundation aims to fight disease and promote education around the world.

"News of the donation comes shortly after Mr Gates announced he is to step away from his day-to-day role at software giant Microsoft."

Warren Buffett at Wikipedia



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