Credit: Xinhua/Sipa USA
New York (77WABC) – Billionaire Warren Buffett is resigning as a trustee of the Bill and Melinda Gates Foundation as of Wednesday.
This comes months after Bill and Melinda Gates announced their divorce from each other after 27 years of marriage.
“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 statement. “I am now resigning from that post, just as I have done at all corporate boards other than Berkshire’s.”
At our employee meeting this year, Warren Buffett talked about the need to have people in your life that you don’t want to disappoint. He will always be one of those people for me.
My email to foundation staff on Warren’s decision to step down as trustee https://t.co/IBLrzbAivp
— Mark Suzman (@MSuzman) June 23, 2021
“Today I would like to take the moment to celebrate Warren’s exceptional contributions to date,” Gates Foundation CEO Mark Suzman said in an email. “The impact of his prodigious generosity is hard to quantify. Even harder to quantify is how his values have permeated the foundation’s culture.”
Suzman added that he plans to share additional information about the long-term plan for the decision-making of the company in July.
In 2006, Buffett pledged to donate most of his fortune to charity, including the Gates Foundation. The statement added that he is halfway to the goal after donating $4.1 billion Wednesday.