OMAHA, Neb. — 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.

Buffett said previously that his three kids will distribute his remaining $147.4 billion fortune in the 10 years after his death, but now he has designated successors for them because it’s possible that Buffett’s children could die before giving it all away.

Buffett, 94, leads Berkshire Hathaway as chairman and CEO although he has handed over most of the day-to-day managing duties for the conglomerate’s dozens of companies to others. — Associated Press