Bill Gates Announces Stepping Down from Microsoft Board to Focus on Philanthropy

The co-founder of Microsoft, Bill Gates, announced that he will no longer be a part of the company’s board in order to be more dedicated to his philanthropic activities.

He stated that he wants to focus on global health and development, climate crisis, and education.

Bill Gates is 65-years-old and one of the richest people in the world.

He’s also left the board of the holding company Berkshire Hathaway.

In 2008, Gates stepped down from his daily role in Microsoft.

The Company Will Always Remain the most Important Part of His Work Life

While he announced his decision, Gates also emphasized that Microsoft will always be a major part of his life’s work and that he’ll continue being engaged with the leaders of the company.

However, he also noted that he’s looking forward to this next phase as a chance to keep the partnerships and friendships that meant the most to him.

He’ll continue contributing to the two companies he’s immensely proud of and prioritize his dedication to addressing some of the major challenges of our world.

According to Forbes, Gates is the second richest man in the world after Jeff Bezos, the founder of Amazon.

He’s worth $103.6 billion and made his fortune by developing software for PCs.

The Life of Bill Gates

As a young man, Gates left college and moved to Albuquerque, New Mexico, and there, he set up Microsoft together with a friend from his childhood, Paul Allen, who died in 2018.

The two entrepreneurs became popular in the 80s when Microsoft signed an agreement with IBM to build the MS-DOS operating system.

In 1986, the company went public and within a year, Bill Gates, who was only 31 at the time, became the youngest self-made billionaire.

He’s been part of the Berkshire’s board as of 2004; however, he’s also quite dedicated to his charity that he founded together with his wife, i.e. the Bill & Melinda Gates Foundation.

The two have been named the most generous philanthropists back in 2018 in the US by the Chronicle of Philanthropy after they gave $4.8 billion to their foundation the year before.

Sources:

BBC

THE VERGE

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