New Delhi

Billionaire Warren Buffett, the biggest investor in the world, has pledged another one of his Berkshire Hathaway stocks to five charities.

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The announcement was made on Friday as part of a series of annual donations aimed at reducing poverty.

This year’s contribution equals 13 million Class B shares of Berkshire Hathaway, with 9.93 million shares going to the Bill & Melinda Gates Foundation.

The balance will be distributed among charitable organizations run by the Buffet family: 993,035 shares bound for the Susan Thompson Buffett Foundation (named after his late wife) and 695,122 shares each for the Howard G. Buffett Foundation, Sherwood Foundation and NoVo Foundation – all managed by Buffet’s kids.

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Buffett, who is now 93 years old, has committed himself to giving away more than 99 per cent of his Berkshire Hathaway stake to charity. He has given 5 per cent of his shares each year.

As per Forbes magazine, he gave away over half of his stock but continues to be among the richest people worldwide, with a total net worth of about $134.3 billion.

Buffett is also planning to put the majority of Berkshire shares, valued at $130 billion, into a charitable trust managed by his three children.

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Meanwhile, Buffett sold its 6 per cent stake in China's BYD. This comes amid news of BYD's EV struggles in Japan.

(With inputs from Reuters)