Warren Buffett Watch
- Warren Buffett: Stocks Will Outperform Gold and Bonds .. and They're Safer 'By Far'
- 'Buffett Rule' Introduced in Senate But Passage Unlikely Amid GOP Opposition
- Warren Buffett Matching Illinois Teen's $300 Deficit Donation
- Warren Buffett Defends His Secretary From 'Ridiculous' Attacks
- Does Warren Buffett's Secretary Really Make Over $200,000?
- Warren Buffett's Secretary 'Excited' About State of the Union Role
- Warren Buffett Offers Millions in Deficit Donations, If ...
- Warren Buffett Sings and Plays Ukulele for Chinese New Year
- Warren Buffett Partied With Jay-Z Last Night
- 'Impressed' and 'Delighted' Warren Buffett Matches GOP Rep's Deficit Donations
RSS FEED
- New York Fashion Week Hits the Runway as Colors Pop
- Mulling Buffett's Stock Advice? Get in With REITs: Fund Managers
- LinkedIn Earnings Bode Well for Hiring and Social Media
- Top Five Mistakes to Avoid in Online Dating
- Victor Cruz ‘Understands’ Gisele's Super Bowl Frustrations
- Tamminen: The United States of India
- Unusual Volume: Taleo Jumps After Oracle's $1.9 Billion Offer
- Warren Buffett: Stocks Will Outperform Gold and Bonds .. and They're Safer 'By Far'
- So Now You Can’t Give Microsoft Away?
- Stocks Looking Past Europe for a New Driver of the Rally
- Israel Likely to Bomb Iran This Year: Political Analyst
- Greeks Strike Against Austerity, EU Demands More Cuts
- EU Agrees Rules for $700 Trillion Derivatives Market
- Citigroup Takes $50 Million Loss in Lending Rate Probe
- Barclays Warns May Miss Medium-Term Profit Goal
- Will Romney Regret Opposing Michigan Auto Bailout?
- In Europe, Stagnation as a Way of Life
- The Secret Lives of Traders—Seeking the Next Hot Thing
Gates Foundation to Sell Over Half Its Berkshire Hathaway Shares
Text Size 
Executive Producer
 |
Seth Wenig / AP Bill and Melinda Gates pose with Warren Buffett after their 2006 news conference announcing Buffett's intentions to give the bulk of his fortune to the Gates Foundation. |
In a filing with the SEC, the Bill & Melinda Gates Foundation Trust reveals it has adopted a written sales plan to sell 550,000 of the 975,000 Berkshire Hathaway Class B shares it now owns.
At today's closing price of just under $4348, those 550,000 shares are worth almost $2.4 billion and the total holdings are worth over $4.2 billion.
The sales are planned for a three-year period starting April 1 this year. The filing also says the sales plan can be canceled at any time.
Why? "To facilitate the Trust’s compliance with federal excise tax rules limiting excess business holdings by private foundations."
The Gates Foundation, will be getting more shares, however, as Buffett continues his annual gifts. The AP notes that "Buffett is expected to give 451,250 Class B shares to the foundation this summer as part of his overall pledge to donate 10 million shares."
Current Berkshire Class A price: [US;BRK.A
Loading...
()
]
Current Berkshire Class B price: [US;BRK.B
Loading...
()
]
Questions? Comments? Email me at
- Warren Buffett Returns to Daytime TV With 'All My Children' Cameo (March 20)
- Warren Buffett's Performance/Pay Ratio Gets Even Bigger (March 18)
- Exec Who Could Replace Buffett Says CEO Shift Unrelated to Berkshire's Succession Plans (March 12)
- Potential Buffett Successor Steps Down As Berkshire Utility's CEO (March 11)
- Warren Buffett "Gracefully" Says Goodbye to White Mountains (March 10)
- Barron's Spotlights Buffett's $4.5B Bullish Bet on Stocks (March 8)
- Warren Buffett Answers Your Emails: Download the Full CNBC Transcript (March 7)
- Warren Buffett Jokes to CNBC: I Passed Gates on Wealth List Because I "Spend Less" (March 6)
Data is a real-time snapshot *Data is delayed at least 15 minutes
