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Buffett donating nearly all his wealth to charitable trust

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Three successor trustees named if children cannot serve

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Buffett donates another $1.14 billion Berkshire stock

Nov 25 (Reuters) - Warren Buffett has made further

preparations for donating his fortune after his death.

Buffett, 94, the chairman of Berkshire Hathaway ( BRK/A ), is

donating nearly all of his remaining wealth, valued on Friday at

$149.7 billion according to Forbes magazine, to a charitable

trust overseen by his daughter and two sons.

On Monday, Buffett said three potential successor trustees

have been designated to serve if his daughter Susie, 71, and

sons Howard, 69, and Peter, 66, cannot serve.

He said each successor trustee is somewhat younger than his

children, well known to them and "makes sense to all of us."

Buffett also said he is donating about $1.14 billion of

additional Berkshire stock to four family foundations.

He has donated 56.6% of his Berkshire stock to the

foundations and to the Bill & Melinda Gates Foundation since

pledging in 2006 to give away nearly all his money to charity.

The donations were worth more than $58 billion at the time

Buffett gave them, including more than $43 billion to the Gates

Foundation.

Buffett has run Berkshire since 1965.