The billionaire Warren Buffett, considered one of the most successful investors in the world, CEO of Berkshire Hathaway Inc, has resigned from his trustee position at the Bill and Melinda Gates Foundation. In a statement, he noted that he has already resigned from all corporate boards other than Berkshire Hathaway’s. “My goals are 100% in sync with those of the foundation, and my physical participation is in no way needed to achieve these goals,” Buffett wrote. The 90-year-old investor announced in 2006 that he was giving away all of his company shares through donations. “I’m optimistic. Though naysayers abound – as they have throughout my life – America’s best days most certainly lie ahead,” Buffett said. “Philanthropy will continue to pair human talent with financial resources. So, too, will business and government. Each force has its particular strengths and weaknesses. Combined, they will make the world a better place – a much better place – for future generations.”
The Bill & Melinda Gates Foundation was created in 2000 and it is funded by the couple’s personal wealth and a gift pledged by Buffett. Buffett’s resignation as Gates Foundation trustee comes as the charitable organization faces a tumultuous time with the divorce of its two founders. Bill Gates, co-founder and former CEO of Microsoft, and his wife, Melinda French Gates, announced their divorce in May. Buffett did not mention the divorce as a reason to resign.