New York: American business tycoon and billionaire investor Warren Buffett on Wednesday announced his resignation as a trustee of the Bill and Melinda Gates Foundation (BMG), one of the world’s largest private charitable organisations, said a Reuters report. Issuing an official statement, Buffet said, “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.”Also Read - 190 Countries & 13 Crore Students: How Khan Academy is Reinventing Education, One Lesson At a Time
Buffet’s resignation comes just a month after, Bill Gates and his wife Melinda, co-founders of the foundation, filed for divorce in May after 27 years of marriage but pledged to continue their philanthropic work together. The 21-year-old foundation has become one of the most powerful and influential forces in global public health, spending more than $50 billion over the past two decades to bring a business approach to combating poverty and disease. Also Read - Bill Gates Says Another Pandemic May Hit World in 20 years, Calls For Preventive Measures
Last year, Buffett reported donating more than $2 billion of stock in his investment vehicle, Berkshire Hathaway Inc, to the Gates Foundation as part of previously announced plans to give away his entire fortune before his death. The 90-year-old also said he was pledging $4.1 billion to philanthropy. Also Read - Bill Gates Has Doubts About Elon Musk's Twitter Buy, Says He 'Actually Could Make It Worse'