Multimillion-dollar investor Warren Buffett announced Wednesday that he is stepping down as administrator of the Bill and Melinda Gates Foundation, in which he has invested half of his fortune over the past 15 years, Reuters reported.
In a statement available for publication, Omaha Oracle admitted that it has been a “dormant trustee” since the foundation was inception, but has always supported President Mark Suzman, and that the goals of both parties were “100% in sync from the start.” time.
Buffett, one of Bill Gates’ best friends, did not disclose why he resigned, but admitted in a statement that he is leaving all areas he has worked in outside of Berkshire Hathaway. The 90-year-old Buffett’s departure came just weeks after Gates publicly announced his divorce.
The investor also announced a $ 4.1 billion donation of Berkshire shares to the Gates Foundation and four charities. This is part of his commitment to donate 99% of his net worth to organizations that want to change the world.
Since 2006, Buffett has donated over $ 41.5 billion in Berkshire stock, of which over $ 32.7 billion has been donated to the Gates Foundation. Taking into account the price update due to inflation, Oracle donations have already totaled $ 100 billion. “Over the decades, I have accumulated an almost incomprehensible amount of [de dinheiro]just for what I love to do, ”Buffett said in a statement. “Society needs my money, but I don’t,” the investor continued.
Bill Gates thanked for the “lasting friendship” he had with Buffett, stating that “we will always have a deep sense of responsibility” towards the investor, while Melinda French Gates noted that the Oracle’s teachings helped them “pave the way. for the front “.
In addition to the Gates Foundation, donations also go to the Susan Thompson Buffett Foundation, created in honor of his late wife, and the institutions run by his children, the Howard Buffett Foundation, Sherwood Foundation and Novo Foundation.
If the Oracle of Omaha hadn’t donated to charity, Reuters reported that his fortune would be nearly equal to that of the founder of Amazon, who is currently the richest man in the world.
