Warren Buffett Announces Resignation From Gates Foundation
Buffett has now given half of his Berkshire shares to charity as he announces resignation from Gates Foundation.
Warren Edward Buffett, Chairman and CEO of Berkshire Hathaway, has announced his resignation as a trustee at Bill and Melinda Gates Foundation (BMGF).
The billionaire made his resignation known in a statement released on Wednesday, June 23, 2021.
He however failed to give further details as to why he was resigning as a trustee at the Bill and Melinda Gates Foundation.
The statement read: “For years I have been a trustee, an inactive trustee at that – of only one recipient of my funds, the Bill and Melinda Gates Foundation.
''I am now resigning from that post, just as I have done at all corporate boards other than Berkshire’s. The CEO of BMG is Mark Suzman, an outstanding recent selection who has my full support. My goals are 100% in sync with those of the foundation, and my physical participation is in no way needed to achieve these goals,"
"Today is a milestone for me. In 2006, I pledged to distribute all of my Berkshire Hathaway shares – more than 99% of my net worth – to philanthropy. With today’s $4.1 billion distribution, I’m halfway there,"
The Gates Foundation has become one of the most powerful and influential forces in global public health which uses a business approach to combating poverty and disease.
Soireenews had reported that Bill and his wife Melinda, who are co-founders of the foundation, had in May announced their split after 27 years of marriage but pledged to continue their philanthropic work together.
Meanwhile, it is not clear if Buffet’s resignation is connected to the divorce announcement made by the couple as his resignation comes a few months after it was made public.