Bill Gates leaves Microsoft Board of Directors for charity

One of the richest people in the world will devote himself to the development of health care and education, as well as the fight against climate change.

Bill Gates leaves Microsoft Board of Directors for charity

One of the founders of Microsoft, Bill Gates, resigned from the board  of directors of the corporation. The company announced changes in composition on March 13, 2020.

Gates decided to devote more time to philanthropy, including health care, education, and climate change, Microsoft explained. He also stepped down from the board of directors of Berkshire Hathaway.

Bill Gates founded Microsoft in 1975 with Paul Allen, who died in 2018. Gates was the general director of the company until 2000, and until 2014 he headed the board of directors, until he decided to devote more time to the charity fund, which he founded with his wife Melinda Gates. In 2018, The Chronicle of Philanthropy charity magazine named them the most generous philanthropists, with a total donation of $ 4.8 billion.

64-year-old Gates remains one of Microsoft's largest shareholders and owns 1.36% of the shares, writes CNBC with reference to the analytical company FactSet. Capitalizing on March 13 at $ 1.2 trillion, Bloomberg estimates Gates’s fortune at $ 98 billion, naming him the second richest person on Earth after Amazon founder Jeff Bezos.

Bill Gates posted Focusing My Time on LinkedIn, explaining his decision and thanking Berkshire Hathaway founder Warren Buffett and wishing Microsoft CEO Satya Nadella success.

I decided to leave the boards of directors that I work for - Microsoft and Berkshire Hathaway, to devote more time to philanthropy, including health and development, education and the fight against climate change. Leaders Berkshire and Microsoft are stronger than ever, so now is the time for such a move.

Joining the Berkshire Board of Directors has been one of the greatest honors of my career. Warren [Buffett] and I were best friends even before I joined his company, and we will stay for a long time. I look forward to our continued partnership as the co-founders of the Bill and Melinda Gates Foundation and the creators of The Giving Pledge campaign.

If we talk about Microsoft, then leaving the board of directors in no case does not mean leaving the company. Microsoft will forever remain an important part of my life, and I will continue to work with Satya [Nadella] and technical management to help shape the vision and achieve the company's ambitious goals. My feelings about the company's progress and the benefits that it can bring to the world are more optimistic than ever.

I look forward to the next stage as an opportunity to maintain friendships and partnerships, which are most important to me, as well as continue to contribute to the two companies that I am proud of and effectively prioritize my efforts to solve some of the most difficult problems in the world.