Recently there was a meme going around claiming that President Joe Biden spiked construction of the Keystone XL pipeline on his first day because of political donations from Warren Buffett, the billionaire investor who runs the multinational conglomerate Berkshire Hathaway. The billionaire made his biggest donation to date in 2019, when he gave away $3.6 billion, according to Reuters. … He is worth about $58 billion. © 2021 CNBC LLC. Daniel Acker/Bloomberg/Getty Images. Earlier in the year, Buffett topped Forbes and SHOOK Research’s list of the biggest philanthropic donors in America after giving away $14.7 billion, or about 16 percent of his net worth, over a five-year span. Buffett has said he will give away more than 99% of his fortune, with the bulk going to the Bill and Melinda Gates Foundation; a charity founded by Buffett's late wife, Susan Thompson Buffett; and charities run by each of his three children. Berkshire Hathaway Inc. investors will have a chance to vote on three shareholder resolutions opposed by Chairman Warren Buffett and his board, including a … Warren Buffet would lose billions in transport fees if the pipeline is completed,” said a January … It indicates the ability to send an email. “My sister, Doris, extends significant person-to-person help daily. Data is a real-time snapshot *Data is delayed at least 15 minutes. Warren Buffett to Match Republicans' Tax Donations. Warren is the owner, founder, and CEO of Berkshire Hathaway. Warren Buffett Makes His First Donation Ever To An Independent Political Group. Warren Buffett purchased Berkshire Hathaway in 1965, turning it into the world's largest holding company by buying troubled businesses and turning them around. The post falsely claimed that Buffett donated $58 million to President Joe Biden’s campaign and that Biden canceled the Keystone XL pipeline as a favor. In 2019, Buffett donated $248,500 to the Democratic Congressional Campaign Committee and $5,800 to the senatorial campaign of Mark Kelly (D-Ariz.), according to Federal Election Commission records. Buffett makes annual donations worth $2.9B to 5 charities Billionaire Warren Buffett has given away another $2.9 billion of his Berkshire Hathaway stock to five foundations as part of his plan to gradually give away his fortune By The Associated Press July 8, 2020, 2:35 PM This year, the "Oracle of Omaha" is distributing 15.9 million class B shares of Berkshire Hathaway valued at about $2.9 billion. The first claim in these posts is that Warren Buffett, the American business tycoon and billionaire, donated $58 million to Joe Biden’s 2020 campaign. Insights: Though Warren Buffett is one of the most well-known CEOs on this list, he donated the smallest amount to the election, with just over $250,000 going to the DCCC. While in the 2020 election cycle the millionaire Sanders eschewed billionaire donations, earlier in his career, he accepted them. The Gettys hosted a fundraiser for Harris at their San Francisco home last May. This year, the "Oracle of Omaha" is distributing 15.9 million class B shares of Berkshire Hathaway valued at about $2.9 billion. All Rights Reserved. That reality sets an obvious course for me and my family: Keep all we can conceivably need and distribute the rest to society, for its needs.”. A Division of NBCUniversal. In 2018, Buffett donated $33,900 to the Democratic Congressional Campaign Committee, $33,900 to the Democratic Senate Campaign Committee, $2,700 to the congressional campaign of Democrat Donna Shalala, and $2,700 to the congressional campaign of Democrat Rufus Gifford. The Associated Press revealed Buffett’s recent political donations in January 2021 while fact-checking a viral Facebook post. 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