In 1965, Warren Buffett took majority control of the textile manufacturer Berkshire Hathaway Inc., turning it into his primary investment vehicle. From the 1960s through the ’90s Berkshire Hathaway’s publicly traded shares gained about 28% a year. Buffett’s success with Berkshire Hathaway made him one of the world’s wealthiest men.
What is Warren Buffett’s primary investment vehicle?
What charities does Warren Buffett donate money to?
In June 2006, Warren Buffett announced that he would donate more than 80% of his wealth to charitable foundations. The main recipient was the Bill & Melinda Gates Foundation, which is focused on issues of world health and education. The other organizations were those run by Buffett’s three children and the Susan Thompson Buffett Foundation, named for his late wife.