Warren Buffett resigns from Gates Foundation, donates another $4.1 billion

At 90 years old and one of the world's riches, Buffett resigns from Bill and Melinda Gates Foundation but continues to give away fortune.

Published: June 23, 2021 12:30pm

Updated: June 23, 2021 5:07pm

Multibillionaire Warren Buffett has resigned Wednesday from his trustee position at the Bill and Melinda Gates Foundation after nearly 15 years on the board.

The announcement from the investor comes as the marriage between the couple also comes to an end.

Buffett did not give any specific reasons for the resignation but expressed his "full support" for the foundation's "outstanding new CEO selection, Mark Suzman.

"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.

In the announcement, Buffett also revealed he would be giving away $4.1 billion in his shares to his company, Berkshire Hathaway, to five foundations.

Since 2006, his goal has been to give away 99% of his net worth through donations, though he has yet to meet the halfway mark.

At 90, Buffett did insinuate his age as a factor, metaphorically saying that he still relishes being on the field but has now moved past the fourth quarter into overtime. 

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