Monday, January 30, 2023
198 Nigeria News
No Result
View All Result
  • HOME
  • VIDEO NEWS
  • BUSINESS NEWS
  • FEATURED NEWS
    • NIGERIA USA NEWS
    • NIGERIA EU NEWS
    • NIGERIA CHINA NEWS
    • NIGERIA UK NEWS
    • NIGERIA FRANCE NEWS
    • NIGERIA GULF NATIONS NEWS
    • NIGERIA INDIA NEWS
    • NIGERIA RUSSIA NEWS
    • NIGERIA ITALY NEWS
    • NIGERIA TURKEY NEWS
    • NIGERIA EGYPT NEWS
    • NIGERIA BRAZIL NEWS
    • NIGERIA THAILAND NEWS
    • NIGERIA PHILIPPINE NEWS
  • POLITICAL NEWS
  • MORE NEWS
    • NIGERIA TECHNOLOGY NEWS
    • NIGERIA MOVIE INDUSTRY
    • NIGERIA CRYPTO NEWS
    • NIGERIA AGRICULTURE NEWS
    • OVERSEAS JOBS NEWS
    • NIGERIA CONSTRUCTION NEWS
    • OVERSEAS SPONSORSHIP
    • 198TILG MEDIA TRAINING
    • NIGERIA IMMIGRATION NEWS
    • NIGERIA EDUCATION NEWS
    • NIGERIA VENTURE CAPITAL NEWS
    • NIGERIA JOINT VENTURE NEWS
    • NIGERIA UNIVERSITIES
    • NIGERIA MANUFACTURERS
    • NIGERIA BUSINESS HELP
    • NIGERIA PARTNERSHIP
  • ASK IKE LEWUMA
  • REGISTER NGO
  • CONTACT
  • HOME
  • VIDEO NEWS
  • BUSINESS NEWS
  • FEATURED NEWS
    • NIGERIA USA NEWS
    • NIGERIA EU NEWS
    • NIGERIA CHINA NEWS
    • NIGERIA UK NEWS
    • NIGERIA FRANCE NEWS
    • NIGERIA GULF NATIONS NEWS
    • NIGERIA INDIA NEWS
    • NIGERIA RUSSIA NEWS
    • NIGERIA ITALY NEWS
    • NIGERIA TURKEY NEWS
    • NIGERIA EGYPT NEWS
    • NIGERIA BRAZIL NEWS
    • NIGERIA THAILAND NEWS
    • NIGERIA PHILIPPINE NEWS
  • POLITICAL NEWS
  • MORE NEWS
    • NIGERIA TECHNOLOGY NEWS
    • NIGERIA MOVIE INDUSTRY
    • NIGERIA CRYPTO NEWS
    • NIGERIA AGRICULTURE NEWS
    • OVERSEAS JOBS NEWS
    • NIGERIA CONSTRUCTION NEWS
    • OVERSEAS SPONSORSHIP
    • 198TILG MEDIA TRAINING
    • NIGERIA IMMIGRATION NEWS
    • NIGERIA EDUCATION NEWS
    • NIGERIA VENTURE CAPITAL NEWS
    • NIGERIA JOINT VENTURE NEWS
    • NIGERIA UNIVERSITIES
    • NIGERIA MANUFACTURERS
    • NIGERIA BUSINESS HELP
    • NIGERIA PARTNERSHIP
  • ASK IKE LEWUMA
  • REGISTER NGO
  • CONTACT
No Result
View All Result
198 Nigeria News
No Result
View All Result
Home NIGERIA MANUFACTURERS

American Billionaire, Warren Buffet Resigns From The Gates Foundation Amid Divorce Row

198 Nigeria News by 198 Nigeria News
June 23, 2021
in NIGERIA MANUFACTURERS
0
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Warren Buffett, the chairman and chief executive of Berkshire Hathaway, said on Wednesday that he has resigned as a trustee of the Bill and Melinda Gates Foundation, weeks after the couple announced their divorce.

Mr. Buffett, a longtime friend of Mr. Gates, had been a huge presence at the Gates Foundation: It is one of five nonprofit organisations to which he has pledged the majority of his fortune — estimated at $105.3 billion, according to Forbes — and the only one not run by a member of the Buffett family.



All told, Mr. Buffett, 90, has donated $41 billion worth of Berkshire stock to the five foundations. In Wednesday’s announcement, he said he has donated an additional $4.1 billion, New York Times reports. 

“For years I have been a trustee — an inactive trustee at that — of only one recipient of my funds, the Bill and Melinda Gates Foundation (BMG),” Mr. Buffett said in a statement. “I am now resigning from that post, just as I have done at all corporate boards other than Berkshire’s.”

Mr. Buffett did not give a reason for his action. The foundation’s reputation for global philanthropy has lately been overshadowed by reports of Mr. Gates’s questionable conduct in work-related settings. The New York Times has reported that on at least a few occasions, Mr. Gates pursued women who worked for him at Microsoft and at the foundation, according to people with direct knowledge of his overtures.

In 2019, Microsoft’s board, on which Mr. Gates sat, opened an inquiry into one of those cases after being notified that he had “sought to initiate an intimate relationship with a company employee in the year 2000,” a Microsoft spokesman said. The board hired a law firm to investigate. The following year, Mr. Gates stepped down from Microsoft’s board.

Also in Wednesday’s statement, Mr. Buffett acknowledged the recent debate over how little in income tax American billionaires — including himself — pay. Citing leaked Internal Revenue Service data, the news organisation Propublica reported that the Berkshire chief paid just $23.7 million in taxes from 2014 to 2018, a period when his wealth grew $24 billion.

Without referring to the ProPublica article specifically, Mr. Buffett acknowledged that he had “relatively little” income, with his wealth flowing largely from his Berkshire holdings. He also argued that his charitable donations led to only about 40 cents per $1,000 in donations.

A longtime advocate of tightening tax rules for the wealth, Mr. Buffett said Wednesday that although tax deductions were important to some wealthy donors, “it is fitting that Congress periodically revisits the tax policy for charitable contributions, particularly in respect to donors who get imaginative.”

[ad_2]

Source link

Tags: AmericanbillionaireBuffetdivorceFoundationGatesresignsrowWarren
198 Nigeria News

Nigeria Smart News contributes to latest news of Nigeria Smart news and Up to date with technology news.

198massmedia Group. USA. 3821 Dominion Drive, Dumfries, USA. 22026.

Toll Free 1 888 642 8433.
Contact: info@198nigerianews.com

LATEST UPDATES

Ghanaian, Dutch Businesses to Explore Business Opportunities

Macron heads to Cameroon for 3-nation Africa tour amid mixed reception

Africa Taken for Neo-Colonial Ride — Global Issues

Kenya: Visa Processing Delays a Result of Backlog Caused By Covid-19 Pandemic – U.S. Embassy

Africa: Over 10 Million Covid-19 Recoveries Confirmed Across Continent

Both UK & Congo Think They’re Climate Leaders COP26s Fallout Shows How Far Adrift They Are — Global Issues

Trump returns to Washington after 2020 election loss

Africa: Russia Turns to Africa Amid Diplomatic Isolation

Terrorists attack Nigerias Presidential Guards Brigade, wound 3 soldiers

RECOMMENDED

No Content Available
  • Home
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2022 - 198 Nigeria News.

No Result
View All Result
  • HOME
  • VIDEO NEWS
  • BUSINESS NEWS
  • FEATURED NEWS
    • NIGERIA USA NEWS
    • NIGERIA EU NEWS
    • NIGERIA CHINA NEWS
    • NIGERIA UK NEWS
    • NIGERIA FRANCE NEWS
    • NIGERIA GULF NATIONS NEWS
    • NIGERIA INDIA NEWS
    • NIGERIA RUSSIA NEWS
    • NIGERIA ITALY NEWS
    • NIGERIA TURKEY NEWS
    • NIGERIA EGYPT NEWS
    • NIGERIA BRAZIL NEWS
    • NIGERIA THAILAND NEWS
    • NIGERIA PHILIPPINE NEWS
  • POLITICAL NEWS
  • MORE NEWS
    • NIGERIA TECHNOLOGY NEWS
    • NIGERIA MOVIE INDUSTRY
    • NIGERIA CRYPTO NEWS
    • NIGERIA AGRICULTURE NEWS
    • OVERSEAS JOBS NEWS
    • NIGERIA CONSTRUCTION NEWS
    • OVERSEAS SPONSORSHIP
    • 198TILG MEDIA TRAINING
    • NIGERIA IMMIGRATION NEWS
    • NIGERIA EDUCATION NEWS
    • NIGERIA VENTURE CAPITAL NEWS
    • NIGERIA JOINT VENTURE NEWS
    • NIGERIA UNIVERSITIES
    • NIGERIA MANUFACTURERS
    • NIGERIA BUSINESS HELP
    • NIGERIA PARTNERSHIP
  • ASK IKE LEWUMA
  • REGISTER NGO
  • CONTACT

Copyright © 2022 - 198 Nigeria News.