Warren Buffett gives away another $5.3 billion, says his children will manage his estate

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.The legendary investor, who's turning 94 in August, converted 8,674 of his Berkshire Class A shares to donate more than 13 million Class B shares, according to. A total of 9.

After Friday's donations, Buffett owns 207,963 Berkshire A shares and 2,586 B shares, worth about $130 billion., Buffett clarified that after his death, the enormous fortune he amassed from building the one-of-a-kind conglomerate will be directed to a new charitable trust overseen by his three children.

Buffett has previously said his three children are the executors of his will as well as the named trustees of the charitable trust that will receive 99%-plus of his wealth.

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