Merxwire
14 Mar 2020, 23:19 GMT+10
Microsoft co-founder Bill Gates announced his withdrawal from the Microsoft board and Berkshire Hathaway board to invest more time in philanthropy.
Redmond, WA (Merxwire) - Bill Gates announced that he will resign from the Microsoft board and Berkshire Hathaway board, and will devote his time to charity activities, focusing on global health and development, education, and climate change.
Mr. Gates, 65, is one of the richest people in the world. He said that although he resigned from the Microsoft board, he did not leave the company. He said "the company always be an important part of my life's work" and heУТ will continue to maintain contact with the company's management.
"I am looking forward to this next phase as an opportunity to maintain the friendships and partnerships that have meant the most to me, continue to contribute to two companies of which I am incredibly proud, and effectively prioritise my commitment to addressing some of the world's toughest challenges. " Mr. Gates said.
Mr. Gates dropped out of school early, moved to Albuquerque, New Mexico, and founded Microsoft with childhood friend Paul Allen. In 1980, Microsoft and IBM signed an agreement to build an operating system called MS-DOS. Microsoft was public in 1986, within a year, then Gates, at 31, had become the youngest self-made billionaire.
Mr. Gates announced in June 2006 that he would transfer Microsoft's full-time job to a part-time job and gradually shifted responsibilities. He stepped down from day-to-day role running Microsoft in 2008.
He is listed by Forbes as the second richest person in the world, with a net worth of $ 103.6 billion, second only to Amazon founder Jeff Bezos.
Mr. Gates has been with Warren Buffett's massive holding company, Berkshire Hathaway board since 2004. But he spends most of his time with the Bill & Melinda Gates Foundation, a charity established with his wife.
The couple were selected by The Chronicle of Philanthropy as the most generous philanthropist in the United States in 2018, after giving $ 4.8bn to their foundation the previous year.
In order to concentrate on philanthropy, Mr. Gates decided to withdraw from the Microsoft board and Berkshire Hathaway board and said on social media that "time is up." In the future, he will focus his time and energy on charity work, focusing on issues such as global health, education, environment and climate.
Get a daily dose of New York Statesman news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to New York Statesman.
More InformationNEW YORK, New York - U.S. stocks rallied hard on Friday, boosted by strong rises around the world. Investors shrugged off a decline...
MILAN, Italy: Maserati has scrapped plans for an electric version of its MC20 sports car, citing low expected demand for the high-performance...
BERLIN, Germany: Volkswagen is set to cut 1,600 jobs at its Cariad software division by the end of the year, affecting nearly 30 percent...
The principal terminal, Terminal 1, at Israel's largest airport will reopen at the end of this month, having largely been closed since...
NEW YORK, New York - The knee-jerk introduction of trade tariffs by President Donald Trump continues to rattle markets with all the...
FRANKFURT, Germany: Ford announced this week that it will inject up to $4.8 billion into its struggling German unit to stabilize its...
WASHINGTON, D.C.: In the past 20 years, China has become the world's top shipbuilder, producing more than half of all commercial ships....
ALBANY, New York: New York fired over 2,000 prison guards this week for not returning to work after a weeks-long strike that disrupted...
BEIJING, China: China has announced new tariffs on Canadian agricultural and food products in retaliation for Canada's recent duties...
ENNIS, Texas: A man died, and three of his family members were injured when their RV flipped several times during a strong storm at...
One halcyon spring day in 1903, the 69-year-old anatomist and naturalist Dr. James Bell Pettigrew sat at the top of a sloping street...
WEST PALM BEACH, Florida: Air Force fighter jets have stopped a civilian plane that entered restricted airspace near Donald Trump's...