OMAHA, Neb. (WOWT) - Warren Buffett is accelerating his disbursement of stock to the foundations his three children have set up.

The announcement came in a letter from Buffett posted Monday to the Berkshire Hathaway website.

This year’s letter was sent along to shareholders with an announcement that Buffet had converted 1,800 of Berkshire “A shares” into 2.7 million “B shares,” which were then doled out to four family foundations on Monday:

1.5 million shares donated to The Susan Thompson Buffett Foundation

400,000 shares donated to The Sherwood Foundation

400,000 shares donated to The Howard G. Buffett Foundation

400,000 shares donated to NoVo Foundation

Worth about $149 billion, Buffett is the 10th richest person in the world, according to Forbes’ real-time list .

The 95-year

See Full Page