Warren Buffett announced Wednesday that he’s resigning from his position as trustee at the Gates Foundation and that he’s donating another

Warren Buffett resigns as trustee of Bill and Melinda Gates Foundation

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2021-06-23 12:30:01

Warren Buffett announced Wednesday that he’s resigning from his position as trustee at the Gates Foundation and that he’s donating another $4.1 billion worth of Berkshire Hathaway shares to five charitable organizations.

In 2006, Buffett, who’s the eighth richest person in the world with a net worth of about $105 billion, pledged most of his fortune to the Gates Foundation and to four other charitable trusts created by his family.

“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.”

“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,” he added.

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