Warren Buffett RESIGNS from Gates Foundation weeks after Bill and Melinda divorce announced

WARREN Buffett has resigned as a trustee from the Bill and Melinda Gates Foundation.

The announcement comes weeks after Bill and Melinda Gates announced that they were divorcing after 27 years of marriage but would continue to jointly run the foundation, one of the largest charitable organizations in the world.


Gates was formerly the worlds richest person and his fortune is estimated at well over $100billion.

"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 (BMG)," Buffett said in a prepared statement on Wednesday.

"I am now resigning from that post, just as I have done at all corporate boards other than Berkshire.

"The CEO of BMG is Mark Suzman, an outstanding recent selection who has my full support," he continued.

"My goals are 100 percent in sync with those of the foundation, and my physical participation is in no way needed to achieve these goals."

Buffett, the chairman and chief executive of Berkshire Hathaway, also said on Wednesday that he is halfway to reaching his goal of giving away the entirety of his shares in the conglomerate, and that he's making another $4.1billion in donations.

Buffet gave no reason for stepping down from the Gates Foundation, but questions have been raised about the structure of its leadership after reports of Bill Gates’ behavior in the workplace.

Board members at Microsoft Corp. made a decision in 2020 that it wasn’t appropriate Gates, the company’s co-founder, to sit on its board as they investigated the billionaire’s prior romantic relationship with a female Microsoft employee that was deemed inappropriate.

The Bill and Melinda Gates Foundation has said that it is not investigating the allegations in the media, as the reported incident involving one of the world’s largest, most influential nonprofits was made by "an anonymous former employee."

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