Billionaire and world philanthropist Bill Gates is officially stepping down from the boards of his company Microsoft and Warren Buffet’s company Berkshire Hathaway.
The second richest man in the world wants to focus on philanthropic endeavors that improve climate change, global health and education.
“I am looking forward to this next phase as an opportunity to maintain the friendships and partnerships that have meant the most to me, and continue to contribute to two companies of which I am incredibly proud, and effectively prioritize my commitment to addressing some of the world’s toughest challenges.”
Gates, 65, co-founded Microsoft with his late friend Paul Allen in 1975. For over four decades, Gates has dedicated his life to the growth and development of his own company.
By the age of 31, he became a billionaire. But, he didn’t just throw away his time on spending money unwisely.
Instead, he joined his wife Melinda Gates in starting the Bill & Melinda Gates Foundation, an organization that provides financial and enrichment resources to increase opportunities for education, combat infectious diseases, invest in women’s health and empowerment and provide resources to developing countries.
“With respect to Microsoft, stepping down from the board in no way means stepping away from the company,” Gates said. “Microsoft will always be an important part of my life’s work and I will continue to be engaged with Satya and the technical leadership to help shape the vision and achieve the company’s ambitious goals. I feel more optimistic than ever about the progress the company is making and how it can continue to benefit the world.”
Gates stepped down from his CEO post at Microsoft in 2000 with Steve Ballmer stepping into the role.
