Investor Warren Buffett renewed his Thanksgiving tradition of giving by announcing plans Monday to hand more than $1.1 billion of Berkshire Hathaway stock to four of his family's foundations, and he offered new details about who will be handing out the rest of his fortune after his death.

Warren Buffett, the legendary investor behind Berkshire Hathaway, has made a significant revelation regarding his fortune. Despite being worth around $150 billion, Buffett, 94, has announced that he has no intention of passing his wealth on to his three children.

Warren Buffett, the 94-year-old billionaire investor, has unveiled his most detailed plan yet for distributing his $150 billion fortune after his death. In a candid letter, Buffett revealed that his three children will have a decade to allocate his wealth,

At 94 years old, Buffett is still going strong, but he wrote in a surprise letter to Berkshire Hathaway shareholders on Monday: “Father time always wins … To date, I’ve been very lucky, but, before long, he will get around to me.”

Key Takeaways Berkshire Hathaway Chief Executive Officer Warren Buffett on Monday said he had identified three people to potentially succeed his three children in their efforts to donate his $150 billion fortune.

Tomorrow’s decisions are likely to be better made by three live and well-directed brains than by a dead hand,” wrote Buffett, whose lifetime giving of over $60 billion makes him likely the most prolific philanthropist ever.

The latest Berkshire Hathaway 13F filing came out last week detailing the holding company's buys and sells, and there were a few surprises. Warren Buffett waded into Pool Corporation (NASDAQ: POOL) and munched on Domino's Pizza (NYSE: DPZ) for the first time.