The man, who has been one of the ten richest people in the world since 1993, made the announcement at the weekend in an interview with the Wall Street Journal. According to Buffett, Susie (71), Howard (69) and Peter (66) must make the decision unanimously. The children, all of whom are already retired, will be entrusted with the fiduciary management of the assets.

Buffett is already regarded as the billionaire with the largest sum ever donated (around 48 billion US dollars to date). For this, he was celebrated by Forbes magazine as the "greatest philanthropist of all time".

Buffett wants to help people "who have not been so lucky"
As his ongoing donations - including to the foundation of Microsoft founder Bill Gates and his wife Melinda - will cease on his death, the investor apparently also wants to make provisions for the time after his death. He wants to help those people "who have not been as lucky as we have", Buffett explained in an interview.

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