The Microsoft co-founder announced his and his wife's divorce in May of 2021.
If Melinda French Gates resigns, Bill Gates would essentially buy her out of the foundation, one of the world's largest private charitable organizations.
Board members at Microsoft Corp. made a decision in 2020 that it wasn't appropriate for its co-founder Bill Gates to continue sitting on its board as they investigated the billionaire’s prior romantic relationship with a female Microsoft employee.
The multi-billionaire and co-founder of Microsoft made the announcement on Twitter, saying he and Melinda will continue to work together at their foundation, the Bill & Melinda Gates Foundation.
Gates also stepped down from the board of Warren Buffett’s Berkshire Hathaway Inc, where he has served since 2004.