Warren Buffett Steps Down as Trustee of Gates Foundation Trust
![[Image source=AP Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2021031113514526554_1615438304.jpeg)
[Asia Economy Reporter Buaeri] Warren Buffett, chairman of Berkshire Hathaway, is stepping down as trustee of the Bill and Melinda Gates Foundation.
On the 23rd (local time), Buffett stated in a press release, as reported by Bloomberg News, "I intend to step down as trustee of the Bill and Melinda Gates Foundation, just as I have from other companies except Berkshire Hathaway."
He said, "My goals are 100% aligned with the foundation," and added that he no longer needs to be involved in the management of the Gates Foundation.
Buffett also announced plans to donate $4.1 billion (approximately 4.7 trillion KRW) to the Gates Foundation.
The Bill and Melinda Gates Foundation was established in 2000 by Microsoft (MS) co-founder Bill Gates and his wife Melinda. By 2019, it had donated $55 billion (approximately 62.5 trillion KRW), making it one of the most influential charitable organizations worldwide.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Although Bill and Melinda Gates agreed to divorce on the 3rd of last month, they have decided to continue the Gates Foundation.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
