Warren Buffett reveals plan to accelerate giving away his $149 billion estate to his children’s foundations, aiming to ensure disposal before alternate trustees take over. Incoming Berkshire CEO Greg Abel to succeed Buffett, who plans to retain shares until shareholders gain confidence in Abel. Buffett notes good health amid advancing age.

Buffett transfers 1,800 Berkshire A shares worth $149 billion to four family foundations, signaling acceleration of lifetime gifts. Despite stepping down as CEO, Buffett plans to continue Thanksgiving messages while Abel takes over writing annual shareholder letters. Berkshire’s stock has risen 10% in 2025, with operating profit surging 34% in Q3.

Read more at CNBC: Warren Buffett to step up giving away fortune to his children’s foundations, while supporting successor Abel