Warren Buffett, chairman and CEO of Berkshire Hathaway, has stepped down as trustee of the Bill & Melinda Gates Foundation. Buffett has been a major contributor to the Gates Foundation.
About Warren Buffett
Warren Buffett is an American business tycoon, investor and philanthropist. He currently serves as Chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world with over $ 100.6 billion in net worth. He is the seventh richest person in the world. He formed Buffett Partnership Ltd in 1956.
Bill & Melinda Gates Foundation (BMGF)
BMGF is a merger of the William H. Gates Foundation and the Gates Learning Foundation. It is an American private foundation founded by Bill and Melinda Gates. It was launched in 2000. The foundation is reported to be the second-largest charitable foundation in the world as of 2020. He owns approximately $ 49.8 billion in assets.
The main objectives of the fund are to improve health care and reduce extreme poverty around the world, as well as expand educational opportunities and access to information technology. The key faces of the foundation are Bill Gates, Melinda Gates, Warren Buffett (now retired), CEO Mark Suzman and Michael Larson.
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