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Buffett Donates $1.6 Billion in Biggest Gift Since 2008 Crisis

Warren Buffett, the billionaire who has promised to give away 99 percent of his fortune to charity, made his largest donation since the 2008 financial crisis after profits at his Berkshire Hathaway Inc. jumped.

The value of Buffett’s annual gift to the foundation established by Bill Gates rose 28 percent to $1.6 billion from $1.25 billion last year. The donation, made in Berkshire Class B stock, was accompanied by gifts totaling $328 million in shares to three charities run by Buffett’s children and another named for his late first wife, according to a July 2 filing.