Warren Buffett is leaving the board of the Gates Foundation, casting further uncertainty over the world’s largest private philanthropy organisation after its co-chairs, Bill and Melinda Gates, announced they were divorcing.
Buffett, the legendary American investor and chair of Berkshire Hathaway, became a trustee of the foundation, alongside his friends the Gateses, after announcing in 2006 that he would donate the bulk of his fortune to charity.
“For years I have been a trustee — an inactive trustee at that — of only one recipient of my funds, the Bill & 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 statement Wednesday.