Warren Buffet and Bill Gates (File Photo)

    BEIJING, June 26 (Xinhuanet) -- Warren E. Buffett, the world's second-richest man, has decided on Sunday to donate around 37 bln dollars to a foundation established by billionaire Bill Gates and his wife.

   Buffett, 75, thus will become one of the world's biggest philanthropists.

    Buffett, chief executive of investment firm Berkshire Hathaway, is worth an estimated 44 bln dollars, according to Forbes magazine. That makes him the world's second-richest man behind Gates, who is worth about 50 bln dollars.

    Buffett said he will set aside 10 million shares of Berkshire Hathaway class B common stock for the foundation. Based on the stock's per-share price of 3071.01 dollars as of Friday, the total amount for the Gates foundation comes to about 30 bln dollars.

    This is the biggest-ever single act of charitable donation in the United States.

    The Gates Foundation, one of the world's richest philanthropic organizations, has been dedicated to improving health and education, especially in poor nations. Currently, it has assets of almost 30 bln dollars. Enditem

    (Agencies)