Howard Buffett, son of billionaire investor Warren Buffett, is donating hundreds of thousands of {dollars} from his basis in assist of Ukraine after meeting with President Volodymyr Zelenskyy.
The Howard G. Buffett Basis donated $2.7 million to the citizen-funded nonprofit Spirit of America, which is delivering 9 50-passenger buses to the Ukrainian Territory Protection Forces. The Buffett Basis’s donation additionally funded 375 superior trauma kits for Ukrainians on the entrance traces.
“I’ve never quite seen anything like this in my lifetime,” Buffett mentioned on CNBC’s “Squawk Box” Monday. “It’s millions of refugees trying to leave the country and it’s just an overwhelming situation for the country… I believe we’ve got to support Ukraine in this fight. It’s a difficult fight for them.”
Buffett, the chairman and CEO of Howard G. Buffett Basis in addition to a director at Berkshire Hathaway, met with Zelenskyy on Wednesday in Ukraine capital Kyiv.
“We appreciate this signal of solidarity,” Zelenskyy mentioned in a tweet Wednesday. “Expressed gratitude for the humanitarian support. Invited him to join projects on restoring irrigation systems in the Odesa region, demining and school nutrition reform.”
Russia’s forces invaded Ukraine in February, with the battle now turning right into a town-by-town struggle as Russia tries to consolidate territory within the east. The U.S. has been sending Ukraine army help, together with superior rocket-launcher methods and missiles.
The Howard G. Buffett Basis was established in 1999 and has been preventing conflicts, meals insecurity and human trafficking among the many world’s most impoverished and marginalized populations. It had $529 million in belongings on the finish of 2020.
Warren Buffett has pledged to give away all of his Berkshire shares by way of annual items to the Invoice & Melinda Gates Basis, Howard G. Buffett Basis and others.
Howard Buffett is predicted to finally succeed his father as Berkshire chairman to protect its distinctive tradition.
