Buffett Plans $1.1 Billion Donation with Share Conversion

Warren Buffett, the 94-year-old investor and billionaire, has detailed his plans for distributing his $147 billion fortune posthumously. He intends to convert 1,600 Class A shares of Berkshire Hathaway into 2.4 million Class B shares, donating $1.1 billion worth to four family foundations, including the Susan Thompson Buffett Foundation. His three children are tasked with distributing the remainder over a decade, with unnamed successors designated should they be unable to fulfill this duty. Buffett reaffirmed his philosophy against creating dynastic wealth, emphasizing that his children should have the means to do anything but not enough to do nothing. Over the years, Buffett has made significant donations, primarily to the Gates Foundation, and remains committed to his Giving Pledge to donate the majority of his wealth during or after his lifetime.