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Buffett Makes $2 Billion Donation to Gates Foundation

Warren Buffett, the billionaire whose fortune swelled this year with a surge in Berkshire Hathaway Inc. shares, contributed a record $2 billion to the foundation created by Microsoft Corp. co-founder Bill Gates.

Buffett, Berkshire’s chairman and chief executive officer, donated about 17.5 million Class B shares in his annual gift to the Bill and Melinda Gates Foundation, according to a statement today from his Omaha, Nebraska-based company. The donation beat his previous record stock gift of $1.8 billion to the foundation in 2008. The stock has climbed 29 percent this year to $115.42 at 1:11 p.m. in New York.