Economy

Warren Buffett leaves the Gates Foundation: Doubts about the future

to me Gates Foundation Perhaps the worst news: the legendary American investor Warren Buffett, 90, actually decided to leave the top management of the most powerful charity in the world, and opened up somewhat ambiguous scenarios about the future of the partnership founded by Bill and Melinda Gates, in the most difficult moment for the foundation after the divorce. The celebrity couple has been announced in the past few weeks. According to agency reports ReutersBuffett said in a statement that he had been a “passive custodian” for years at the foundation, but fully supported CEO Mark Susman and stressed that their goals were “100% in sync.” However, he did not want to explain why he had resigned, although he noted the fact that he had relinquished all managerial positions outside of Berkshire, thus reducing his workload. The millionaire philanthropist also announced a new donation of more than $4.1 billion, including approximately 15.2 million Class B Berkshire shares, to the Gates Foundation and four charities, as part of its commitment to donate 99% of its net worth. Since 2006, the billionaire has donated more than $41.5 billion in Berkshire stock, including $32.7 billion to the Gates Foundation.

Doubts about the future of the Gates Foundation

I Doubts about the future of the institution He had appeared in recent weeks after the announcement of the divorce between Bill and Melinda Gates. as pointed out financial timesThe future of the foundation depends on the size of contributions from their now separate fortunes, as well as the amount of additional donations from Warren Buffett, the couple’s friend and the world’s sixth richest man after Mark Zuckerberg with a fortune of $99.6 billion. According to Professor Henri Peter of the University of Geneva, “the foundation’s ecosystem actually relies on only three trustees,” he said, referring to Gates and Buffett. Now that the millionaire has decided to leave the scene, it’s easy to believe that even the Gates Foundation can lose the primacy of the world’s most influential institution: In 1996, Bill Gates married his wife Melinda and in 2000 they divorced. Bill and Melinda together the Gates Foundation, with assets of $50.7 billion, is today the largest foundation on the planet.

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As always inform financial timesSome former employees and consultants are questioning whether the institution the couple has led for 21 years can continue in its current state in light of the latest news: others are instead convinced that it has built over the years the institutional relationships needed to move forward anyway. The company’s employees now number more than 1,600 people. In a note he sent to his employees, CEO Mark Susman He admitted the uncertainty raised by Buffett’s resignation. “I know that Warren’s departure raises questions about the management of the Foundation. As I mentioned earlier, I and Bill and Melinda have actively discussed with him, Bill and Melinda the approach to strengthening our judgment,” he wrote, promising more details in the coming weeks. In the same vein, Melinda said she was “grateful for Warren’s generosity, leadership, and friendship,” while Bell praised her “enduring friendship” with the millionaire and said the foundation would “always have a deep sense of responsibility for Warren.”

Epstein, Betrayals and Shadows: The Divorce of Bill and Melinda Gates

as . points out IlGiornale.it, It divorce that has been in the air for some time, and in between Bill E Melinda Gates. As reported by an anonymous source cited by magazine PeopleSo soon as the couple were married, there would be more reasons why Bill and Melinda would have split up after spending so many years together. According to what emerged in the weeks after the sensational divorce announcement, among the reasons for the separation was betrayal, or perhaps more betrayal: Bill, in fact, was going to have an affair with a young Chinese woman, who since 2015 has worked as a translator for the Bill and Melinda Gates Foundation. But according to others, among the reasons for this to happen is the “dangerous” electronic factor. Notice the friendship The founder of Microsoft with the entrepreneur full of children Jeffrey Epstein, who died, in circumstances far from clear, on August 10, 2019 at the Metropolitan Correctional Center in New York. As I mentioned before Daily BeastGates hoped that his financier friend, well-known and influential among the elite in New York and the United States, would help him in his pursuit of the Nobel Peace Prize, as confirmed by a former employee of the Gates Foundation. Did embarrassing revelations about Bill Gates’ secret life convince Warren Buffett to abandon the family institution? It’s hard to believe that the announcement of the last few hours is completely disconnected from all this.

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