Tech Billionaire, Bill Gates, has bowed out from his executive role at Microsoft saying he wants to focus on philanthropy, global health, development, education and tackling climate change.

The world’s second-richest man with a net worth of $106.7 billion, also announced he had left the board of Warren Buffett’s company, Berkshire Hathaway.

Bill Gates was CEO of Microsoft until 2000 when he stepped down and Steve Ballmer took over the role and has held a not too active role since 2008.

Gates announced his resignation on Friday through Linkedin

“I have made the decision to step down from both of the public boards on which I serve – Microsoft and Berkshire Hathaway – to dedicate more time to philanthropic priorities including global health and development, education, and my increasing engagement in tackling climate change,”.

“The leadership at the Berkshire companies and Microsoft has never been stronger, so the time is right to take this step.”

“With respect to Microsoft, stepping down from the board in no way means stepping away from the company,” Gates said. “Microsoft will always be an important part of my life’s work and I will continue to be engaged with Satya and the technical leadership to help shape the vision and achieve the company’s ambitious goals. I feel more optimistic than ever about the progress the company is making and how it can continue to benefit the world.”

Bill Gates and his wife Melinda Gates are very philanthropic and have helped to change lives and situations across the globe.