The billionaire investor's firm has stopped giving donations to the Microsoft co-founder's charity.

Billionaire investor Warren Buffett has described Bill Gates' relationship with late sex offender Jeffery Epstein as "distasteful", but said he himself had made mistakes in life by being friends with people "who weren't great". On Tuesday, Buffett's firm Berkshire Hathaway stopped giving donations to the Microsoft co-founder's charity for the first time in 20 years and instead handed his remaining stock to foundations linked to his family. Buffett told CNBC he and Gates have had a "wonderful friendship" but confirmed his pivot over donations followed Gates' testimony to US Congress about Epstein. Gates called Buffett "a dear friend", adding: "My gratitude to Warren is immeasurable." Gates appeared before the US House Oversight Committee in June to answer questions about his relationship with Epstein, who died in a New York prison in 2019 while awaiting trial on sex trafficking charges. In a transcript of his testimony, Gates said that he had been introduced to Epstein in 2011 as someone who could help raise billions of dollars for global health, which is a key focus of the Gates Foundation. He said: "I recall being aware that Epstein had faced prior legal issues, but I did not fully understand the extent of the crimes he committed." In 2008, Epstein had pleaded guilty to soliciting a minor for prostitution and procuring a person under age 18 for prostitution.