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

Billionaire investor Warren Buffett said on Wednesday  that he was resigning from his position as trustee of Bill and Melinda Gates foundation (BMG), One of the world’s largest Non Profitable trusts.

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 foundations in the world. Gates was formerly the world’s richest person and his fortune is estimated at well over $100bn.

‘’Four 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). I am now resigning from that post, just as I have done at all corporate boards other than Berkshire’s,” Buffett said in a prepared statement  on Wednesday.

Mr. Buffett did not give a reason for his stepping down. The foundation’s reputation for global humanitarianism has lately been shaded by reports of Mr. Gates’s questionable conduct in work-related settings. They have reported that on at least a few occasions, Mr. Gates pursued women who worked for him at Microsoft and at the foundation, according to people with direct knowledge of his overtures.

Four years after Mr. Buffett guaranteed his initial billions to the Gates Foundation, Mr. Buffett and Gates created the Giving Pledge in 2010, a public commitment to philanthropy in which signatories promise to give away the bulk of their wealth. Taking their prompt from the Gates and Mr. Buffett, hundreds of the world’s wealthy have signed up.

Latest articles

Debt Recovery Ecosystem in India, Impact of Phygital Debt Collection, and the Way Forward: Mobicule Technologies’ Siddharth Agarwal

In the past few years, India has observed a massive transformation across industries owing to digitisation, new communication channels, and stringent regulatory...

HMD Global Launches Nokia C32: Fashionable Design, Powerful Imaging, and Android 13!

HMD Global, the leading manufacturer of Nokia phones, has announced the launch of the Nokia C32, the latest addition to the popular...

Indian govt likely to reopen semiconductor application worth $10 billion to attract global chip companies

A day after India's IT Minister Ashwini Vaishnaw interacted with the leadership team of  Semiconductor Equipment and Materials International (SEMI), which is the...

Gautam Adani Climbs to Top 20 on Billionaires List with a Net Worth of $64.2 Billion

Indian business tycoon Gautam Adani, chairman of the Adani Group, has achieved a significant milestone by reentering the top 20 on the...

Related articles

Leave a reply

Please enter your comment!
Please enter your name here