Warren Buffett, the second-richest person in the United States, made his largest single charitable contribution ever when he donated $2.1 billion to the Bill and Melinda Gates Foundation.
Buffett, the 83-year-old chairman and chief executive officer of Omaha-based Berkshire Hathaway, gave 16.6 million Class B shares Monday in an annual gift to the foundation, where he is a trustee, according to a regulatory filing Tuesday.
The donation beat last year’s gift of $2 billion, when he gave 17.5 million shares. The stock has gained 8.8 percent this year.
Buffett has vowed through the Giving Pledge initiative to give away most of his net worth, which is more than $60 billion, according to the Bloomberg Billionaires Index, a daily ranking of the world’s wealthiest people. Along with Microsoft co-founder Gates, the world’s richest man, he has urged other ultra-wealthy people to give away their money.