In a statement, Buffett did not say why he was leaving the foundation, but noted that he had already resigned from all boards other than Berkshire Hathaway. Buffett added that the foundation’s new CEO, Mark Suzman, is an “exceptional” selection and has his “full support”.
“My goals are 100% synchronized with those of the foundation, and my physical participation is in no way necessary to achieve those goals,” Buffett wrote.
The Bill & Melinda Gates Foundation was established in 2000, and is funded by the couple’s personal fortune as well as several other Gates family foundations and a donation pledged by Buffett. Since 2000, the foundation has spent nearly $ 54 billion on a wide range of initiatives related to global health, poverty reduction and, most recently, the global deployment of Covid-19 vaccines, according to its website. .
The foundation announced shortly after the divorce bombshell that there would be “no change in their roles or in the organization”.
“I still love being on the field and carrying the ball. But I’m clearly playing in a game that for me is past the fourth quarter in overtime,” Buffett wrote.