Warren Buffett detailed his plan to distribute his $150 billion fortune after his death in a letter to shareholders. Buffett stated that his three children will decide how to allocate his wealth to philanthropic causes. Three successor trustees will take over if they cannot reach a unanimous decision. Buffett’s wealth distribution plan reflects his commitment to giving away his fortune as part of his long-standing pledge to donate most of it during his lifetime.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Warren Buffett detailed his plan to distribute his $150 billion fortune
00:06after his death in a letter to shareholders. Buffett shared that his three children will
00:11decide how to allocate his wealth to philanthropical causes. Now,
00:14three successors' trustees will take over if they cannot reach a unanimous decision.
00:19Buffett's wealth distribution plan impacts his commitment to giving away his fortune
00:23as part of his long-standing pledge to donate most of it during his lifetime.
00:27For all things money, visit Benzinga.com.