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    Warren Buffet announces resignation from Gates Foundation

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    Warren Edward Buffett, Chairman and CEO of Berkshire Hathaway, has announced his resignation as trustee at Bill and Melinda Gates Foundation (BMGF).

    The billionaire made his resignation known in a statement released on Wednesday.

    He however failed to give further details as to why he was resigning as a trustee at the Bill and Melinda Gates Foundation.

    “For years I have been a trustee , an inactive trustee at that – of only one recipient of my funds, the Bill and Melinda Gates Foundation.

    “I am now resigning from that post, just as I have done at all corporate boards other than Berkshire’s,” Buffet said in a statement.

    The Gates foundation has become one of the most powerful and influential forces in global public health which uses a business approach to combating poverty and disease.

    yans.ng reported that Bill and his wife Melinda, who are co-founders of the foundation, had in May announced their split after 27 years of marriage but pledged to continue their philanthropic work together.

    Meanwhile, it is not clear if Buffet’s resignation is connected to the divorce announcement made by the couple as his resignation comes a few months after it was made public.

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