U.S. billionaire Warren Buffett says he has pledged an additional $3 billion of Berkshire Hathaway stock to foundations operated by his children.
In 1996, Buffett pledged 17.5 million Class B shares of his firm's stock to each of his children's foundations. Buffett, who turned 82 Thursday, said in an open letter how proud he is of the work they've accomplished with the funds and increased the pledge by 12.2 million shares each, Berkshire Hathaway said in a release.
"I knew you would apply your considerable brains and energies in order to make the most of the funds from my gift," Buffett said in
Read more: http://www.upi.com/Business_News/2012/08/31/Buffett-gives-away-3-billion-on-birthday/UPI-43191346441511/#ixzz25Xp1vZH5
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