Bill Gates steps down from Microsoft's board of directors

Ludovic MARIN / AFP

Microsoft co-founder Bill Gates is stepping down from the company's board.

Announcing his move, the 64-year-old explained the decision was to allow him enough free time to focus on his charity - the Bill & Melinda Gates Foundation.

"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 prioritise my commitment to addressing some of the world's toughest challenges," he said.

It comes 45 years after he founded the firm with Paul Allen, and 20 years after he stepped down as CEO.

Gates is listed by Forbes as the world's second richest man with a net worth of over $103 billion.

More from Business

Coming Up on Dubai Eye

  • Lunch with Lloyd

    11:00am - 2:00pm

    No one knows entertainment better than veteran Dubai broadcaster Mark Lloyd.

  • Afternoons with Helen Farmer

    2:00pm - 5:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Meet Gift, female food delivery driver

    Gift came here from Nigeria and failed to find a job, until a pizza company offered her one. She's now one of the very few female delivery drivers in the UAE.

  • FARMER'S KITCHEN

    Farmer's Kitchen is back for 2021!
    With our partners Spinneys, we are going to help you wave goodbye to boring dinners, cluttered fridges, and lumpy leftovers!