Warren Buffet resigns from Bill and Melinda Gates Foundation | Business and Financial Issues

Buffet’s resignation comes just weeks after Bill and Melinda Gates announced their divorce.

Warren Buffett is resigning as trustee from the Bill and Melinda Gates Foundation.

The announcement comes just weeks after Bill and Melinda Gates announced their divorce after 27 years of marriage but will continue to lay the groundwork, one of the world’s most important foundations. Gates was previously the richest man in the world and his fortune is estimated at $ 100bn.

For many years I have been a trustee – a non-executive trustee – one of the only recipients of my money, the Bill and the Melinda Gates Foundation (BMG). “Now I am resigning, as I have done with all other organizations except Berkshire,” Buffett said in a statement issued on Wednesday. ” a foundation, and my participation is not necessary to achieve these goals. ”

Buffett, chairman and CEO of Berkshire Hathaway, also said Wednesday that he is close to achieving his goal of giving all his shares to the conglomerate, and that he is making another $ 4.1bn in donations.

Buffet did not give a reason for his resignation from the Gates Foundation, but questions have been raised about his leadership structure following reports of Bill Gates’ performance.

Board members at Microsoft Corp made the decision in 2020 that it would not be appropriate for Gates, the founder of the company, to remain in their organization while investigating the billionaire’s first relationship with a Microsoft employee that appears to be inappropriate.

Bill and Melinda Gates’ organization said it was not investigating what the media had to say, as it was said to be one of the largest in the world by a “former employee”.

Buffett, now 90, has begun resigning from his position at Berkshire Hathaway. This year, he said he will step down as CEO of a growing company.

Buffett said Wednesday as he still enjoys his job, “I’m playing in a game that for me, has passed the fourth quarter and is in overtime.”