The billionaire said he has been an “inactive trustee” for years at the foundation, to which he contributes funds.
- The Berkshire chairman and chief executive made the disclosure in a statement Wednesday detailing his thoughts on philanthropy, the government and the public. He also said he is giving away $4.1 billion of Berkshire Hathaway Inc. shares to the five foundations.
- Mr. Buffett had served as a trustee of the foundation since 2006. The Gates Foundation was one of five beneficiaries of Mr. Buffett’s largesse.