Tech Billionaire Bill Gates is stepping down from the Microsoft Board of Directors to focus on philanthropy full time according to new reports.
According to Axios, the Microsoft founder wants to focus on global health and education humanitarian efforts. Gates and his wife Melinda started the Bill & Melinda Gates Foundation that focuses their philanthropy on education, disease, agricultural development and more.
The 64-year-old leaves the Microsoft board with a net worth of more than $100 billion. In 2006, Gates stepped down from working for Microsoft full time to focus on the Bill & Melinda Gates Foundation.
The Xbox creator is not fully removed from the company at this time. Gates will still serve as the technology advisor to current Microsoft CEO Satya Nadella who took over for Bill in 2006.
In a statement on Friday, Nadella said the Microsoft board “benefited from Bill’s leadership and vision” while continuing to use his “technical passion and advice to drive our products and services forward.”
