Bill Gates, the co-founder of Microsoft, announced that he is stepping down from the board of the company so he could spend more time on his philanthropic activities.

Gates said he is stepping down from the board so he could focus more on global health, global development, global education, and tackling climate change.

Bill Gates, who is one of the richest people on planet earth, not only left the board of his company, but he also left the board of Warren Buffett’s massive holding company, which is the Berkshire Hathaway.

Bill Gates stepped down from his day to day role of running the company in 2008.

Talking about his latest move, Bill said the company will stay an important part of his life and work.

He added that he will be engaged with its leadership.

He continued, “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.”

Gates, who is currently listed as the world’s second richest man, currently has a net worth of $103.6 billion USD.

Bill made his entire fortune by developing software, computers, and other electronic things.

In his youngers years, Bill dropped out of college and moved to Albuquerque, in New Mexico.

He set up Microsoft with Paul Allen, his childhood friend.

Sadly, Allen died in 2018.

In the 1980s, Gates and Allen got their big break when Microsoft signed an agreement with IBM so they could build an operating system that was later called MS-DOS.

In 1986, Bill Gates made Microsoft public, and by the age of 31, Gates became the youngest self-made billionaire.