Warren Buffett Turns 82 And Gives More Gifts To Charities

The billionaire next door, Warren Buffett, turns 82 years of age today, and befittingly, he celebrates the occasion with a big donation to charity.

Buffett doubled up the pledge of Berkshire B shares to each of the charitable foundations run by his three children, Susie, Howie, and Peter, to 24,441,074 shares, of which 1,222,085 shares shall be distributed next July. That amount will decrease at 5 percent per year thereafter. Buffett estimates that the value of the annual distribution could approximate $100 million, though that value could show a lot of...