Billionaire-cum-philanthropist Warren Buffett (90) resigned as a trustee of the Bill and Melinda Gates Foundation. The charity foundation is grappling with upheaval created by the divorce of its namesake founders. “My goals are 100% in sync with those of the foundation," Buffett said in a statement on Wednesday. He also announced that he had reached the halfway mark in giving all of his Berkshire Hathaway shares to charity.
Buffett has contributed more than $27 billion of his own money to the charity over the past 15 years.
Buffett is one of the Gates Foundation's three board members, alongside Bill Gates and Melinda French Gates, who announced last month they're splitting after 27 years of marriage. Buffett has no involvement in the endowment's investment decisions, according to the foundation.
Mark Suzman, the foundation's chief executive officer, told employees last month that he's in talks to strengthen "the long-term sustainability and stability of the foundation."
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