 Billionaire Warren Buffett is switching up his plans for his fortune after his death. Erin Real reports. The Berkshire Hathaway CEO has established a new charitable trust that will be overseen by his three children. He tells the Wall Street Journal that he has 100% trust in how they will carry things out. The 93-year-old Buffett has earmarked about 99% of his wealth for philanthropic purposes. One major change, Buffett noted that the Bill and Melinda Gates Foundation will no longer receive any of his money after his death.