Warren Buffett Slams Bill Gates’ mismanagement at Gates Foundation: ‘Their friendship is over’

Certain aspects of Bill Gates’ behavior hurt Warren Buffett who is known for his love of lean and efficient operations free of bureaucracy.Warren Buffett and Bill Gates’ friendship started in 1991 when Mary Gates, the mother of Microsoft billionaire convinced him to spend the July 4 holiday at Hood Cana where he met Warren Buffett. Bill Gates, at the time, told his mother that he did not want to meet a “stockbroker” like Warren Buffett but once they met, the “two men hit it off immediately”, a report claimed.

Berkshire Hathaway CEO Warren Buffett (R) talks to Microsoft founder Bill Gates as they play Bridge during the Berkshire Hathaway annual meeting weekend.(Reuters)Berkshire Hathaway CEO Warren Buffett (R) talks to Microsoft founder Bill Gates as they play Bridge during the Berkshire Hathaway annual meeting weekend.(Reuters)

The duo has been very close friends since then and Bill Gates has described this as an “unbelievable friendship” while Warren Buffett has said earlier, “The moral of that is, listen to your mother.” The billionaires have a bond over their mutual love of bridge, business, problem solving and philanthropy, New York Times reported.

Get Unlimited access to Hindustan Times E-paper and Archives at  1199/- per year

In 2004, Bill Gates joined the board of directors of Warren Buffet’s Berkshire Hathaway. In March 2020, Bill Gates said he would step down from the boards of both Berkshire and Microsoft to focus more on his philanthropy.

“But, even as their relationship blossomed, there remained some striking differences, most notably in how they displayed the trappings of their enormous wealth,” the report claimed.

Warren Buffett owned only a single vacation property in Laguna Beach California in addition to his modest home in Omaha, he has a 6.25 per cent interest in a Falcon 2000 operated by NetJets. Talking about his wealth, he once said, “And that’s about it.”

But certain aspects of Bill Gates’ behavior hurt Warren Buffett, the report claimed citing people in the know. It noted, “Buffett — known for his love of lean and efficient operations free of bureaucracy — had been bothered by what he saw as the bloat and inflated operating costs of the Bill & Melinda Gates Foundation, the entity started in 2000 by Gates and his former wife, which is now known as the Gates Foundation.”

This led to Warren Buffett’s decision that following his death the remainder of his fortune — worth more than $100 billion — wouldn’t go to the Gates Foundation, the report added.

The Hindustan Times YouTube channel now has 7 million subscribers. We thank our viewers for their support. Follow the channel for exclusive video news on politics, sports, entertainment & more.

Related Posts

BBC’s New 1970s Drama Exposes a Family Torn Apart by Secrets, Silence & Betrayal 😱 — Viewers Call It ‘One of the Most Devastating Stories Ever Told’ 🎭

In the lush, rolling countryside of 1970s England, where time seems to stand still and the world feels both nostalgic and raw, the BBC has unveiled a…

One M.u.rder Isn’t Enough… The Hunting Wives Season 2 Returns Sept 15 With Secrets That Will Blow Your Mind 💥🌙

Get ready to dive back into the sultry, scandal-soaked world of The Hunting Wives! 🚨 Season 2 of Netflix’s steamiest thriller hits screens on September 15, 2026,…

The Desert Keeps Its Secrets… Until Now. Dark Winds Season 4 Brings More Murder, More Betrayal, and More Twists Than Ever 🌵⚡

The desert is whispering again, and its secrets are darker than ever. Dark Winds, AMC’s critically acclaimed Navajo crime thriller, returns in 2026 for its fourth season,…

Wealth Can’t Buy Love: Zuckerberg Family’s Heartwarming Baking Bonding Melts Hearts!

In a touching display of family warmth, Meta CEO Mark Zuckerberg and his wife, Priscilla Chan, shared a delightful baking session with their three daughters—Maxima, August, and…

Elon Musk’s $1 Trillion Tesla Pay Package Proposal Sparks Outrage and Ambition!

Elon Musk, the world’s richest man, is at the center of a firestorm after Tesla’s board proposed a staggering $1 trillion compensation package, announced on September 5,…

He’s a Star of ‘Sullivan’s Crossing’… But Chad Michael Murray’s Most Romantic Role Is at Home — The One Unexpected Thing They Do To Keep The Spark Burning ✨🔥

Chad Michael Murray, the 43-year-old heartthrob known for his iconic roles in One Tree Hill and A Cinderella Story, continues to captivate audiences with his compelling performance…