The “Oracle of Omaha” has pledged to present away the fortune he constructed at Berkshire, the Omaha, Nebraska-based conglomerate he began operating in 1965. Buffett has been making annual donations to the 5 charities since 2006.After Friday’s donations, Buffett owns 207,963 Berkshire A shares and a couple of,586 B shares, price about $130 billion.New charitable trustIn an interview with the Wall Road Journal, Buffett clarified that after his loss of life, the big fortune he amassed from constructing the one-of-a-kind conglomerate will probably be directed to a brand new charitable belief overseen by his three kids.”It ought to be used to assist the folks that have not been as fortunate as we’ve got been,” he informed the Journal. “There’s eight billion individuals on the planet, and me and my children, we have been within the luckiest a centesimal of 1% or one thing. There’s numerous methods to assist individuals.”Buffett has beforehand mentioned his three kids are the executors of his will in addition to the named trustees of the charitable belief that can obtain 99%-plus of his wealth.He informed the WSJ that the Invoice & Melinda Gates Basis will now not obtain donations after his loss of life. Buffett resigned as a trustee on the Gates Basis in June 2021 within the midst of Invoice and Melinda Gates’ divorce.At Berkshire’s annual assembly in Could, Buffett spoke candidly to shareholders a few future when he is now not on the helm, showing solemn at instances as he contemplated his superior age and mirrored on his late buddy and enterprise associate Charlie Munger.Greg Abel, vice chairman for non-insurance operations at Berkshire, has been named Buffett’s successor and has taken on many of the duty on the conglomerate.Buffett beforehand mentioned his will will probably be made public after his loss of life.”After my loss of life, the disposition of my property will probably be an open e book – no ‘imaginative’ trusts or international entities to keep away from public scrutiny however somewhat a easy will obtainable for inspection on the Douglas County Courthouse,” Buffett mentioned in November.