Warren Buffett, the renowned investor and philanthropist, has once again demonstrated his generosity by donating a significant portion of his personal fortune to various nonprofit organizations. Berkshire Hathaway, the multinational conglomerate led by Buffett, recently announced that he has given a total of 2.4 million Class B shares to family-linked foundations. The shares, valued at approximately $870 million, were delivered to The Susan Thompson Buffett Foundation, The Sherwood Foundation, The Howard G. Buffett Foundation, and NoVo Foundation.

This donation follows a similar action taken by Buffett last year, and he explained that it serves to supplement his previous lifetime pledges made in 2006, which will continue until his passing. In a statement accompanying the announcement, Buffett expressed his confidence in the organizations receiving the gifted shares. He noted that The Susan Thompson Buffett Foundation received over half of the shares, with 1.5 million allocated to the organization, while the other three foundations received respective gifts of 300,000 shares each.

According to Forbes, Warren Buffett's personal fortune is estimated to stand at $120.6 billion as of Wednesday afternoon. The billionaire, who celebrated his most recent birthday in August, has long been known for his philanthropic endeavors and has pledged to donate the majority of his wealth to charitable causes.

In addition to his donations, Buffett also praised the United States and expressed his confidence in the future leadership of Berkshire Hathaway. In his statement to shareholders, he commended the country and described the conglomerate as "built to last." Buffett, who has been at the helm of Berkshire Hathaway for many years, recently announced that Greg Abel has been designated as his successor to lead the company as CEO.

Buffett's philanthropic actions resonate with those of another billionaire, Jeff Bezos. The Amazon founder, earlier this week, announced that his Bezos Day 1 Families Fund would be distributing $117.55 million worth of grants to organizations dedicated to tackling homelessness. Forbes estimates Bezos' personal fortune at $189.4 billion.

The generous donations from Warren Buffett and Jeff Bezos serve as a reminder of the immense impact that billionaires can have in addressing societal challenges and bringing about positive change through their philanthropic efforts.