Warren Buffett resigning as Gates Foundation trustee

Renowned investor Warren Buffett is resigning as a trustee for the Bill and Melinda Gates Foundation.

The billionaire said in a statement on Wednesday that he had been an inactive trustee for the foundation “for years” and that he is resigning like has done “at all corporate boards” other than his holding company, Berkshire Hathaway.

“For years I have been a trustee — an inactive trustee at that — of only one recipient of my funds, the Bill and Melinda Gates Foundation (BMG),” Buffett said.

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