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Walmart Heir, Buffett to Give Away $4.8 Billion of Fortunes

  • Jim Walton last week donated $1.2 billion of Walmart shares
  • Warren Buffett to give $3.6 billion of shares to foundations
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Warren Buffett Donates $3.6 Billion of Berkshire Shares
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The world’s richest can’t give away their money fast enough -- but that’s not stopping them from trying.

Warren Buffett said Monday he plans to donate $3.6 billion of Berkshire Hathaway Inc. stock to five charities -- one of his largest gifts ever -- while Walmart Inc. heir Jim Walton gave away $1.2 billion of the retailer’s shares last week. And Home Depot Inc. co-founder Bernie Marcus said this weekend he’s planning to gift almost his entire $4.5 billion fortune before he dies.