Daily US Times: Bill Gates, one of the world’s richest man is stepping down from Microsoft’s board to spend more time on philanthropic activities.
He says he wants to focus on climate change, global health and development, and education.
The 65-year-old billionaire also left the board of Warren Buffett’s massive holding company, Berkshire Hathaway.
Bill gates stepped down from his daily role in running Microsoft in 2008.
But while announcing his latest move, he said Microsoft would “always be an important part of my life’s work” adding that he would continue to be engaged with its leadership.
“I am looking forward to this next phase as an opportunity to maintain the friendships and partnerships that have meant the most to me, continue to contribute to two companies of which I am incredibly proud, and effectively prioritize my commitment to addressing some of the world’s toughest challenges,” he said.
According to Forbes, he is the second richest man in the world after Amazon founder Jeff Bezos, and is worth $103.6bn (£84.4bn).
He made his fortune developing software for the personal computer.
As a young man, he dropped out of college and moved to New Mexico. There he set up Microsoft with his childhood friend, Paul Allen. Mr Allen died in 2018.
Microsoft came across a huge success in 1980 when the company signed an agreement with IBM to build the operating system that became known as MS-DOS.
The world’s leading software company went public in 1986 and within a year Bill Gates had become the then youngest self-made billionaire at the age of 31.
Since 2004, he has served on Berkshire’s board but devotes much of his time to the charitable organization he set up with his wife, the Bill & Melinda Gates Foundation.