Bill and Melinda Gates announce divorce Business and Economy News

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The couple said in a statement that they would continue to work together on their eponymous philanthropic foundation.

Bill and Melinda Gates announced Monday that they will end their marriage, but will continue to work together on their eponymous philanthropic foundation.

Bill, the billionaire founder of Microsoft, and Melinda, an author and businesswoman, announced their decision to separate after 27 years of marriage in a statement in a message posted on their personal accounts.

“Over the past 27 years, we have raised three amazing children and built a foundation that works around the world to enable all people to lead healthy, productive lives,” the statement said. “We continue to share our belief in this mission and will continue our work together at the foundation, but we no longer believe we can grow together as a couple in the next phase of our lives.”

The couple also asked for privacy during this time.

Bill Gates, 65, founded Microsoft in 1975 with Paul Allen. According to Forbes, its net worth stands at $ 130.5 billion, and it has donated $ 35.8 billion worth of Microsoft shares to the couple’s foundation.

He announced last year that he would leave Microsoft’s board to focus full-time on his work as co-chair of the foundation.

Melinda Gates, 56, is the co-chair of the foundation and is the founder of Pivotal Ventures, an investment and incubation company that focuses on promoting the interests of American women and families.

The Bill and Melinda Gates Foundation provided $ 5.1 billion to dealers in 135 countries in 2019 and employs 1,602 people, according to its website.

In 2020, the foundation announced it was committing more than $ 1.752 billion to support the global response to COVID-19.

Since its inception, the foundation has said it has awarded more than $ 54.8 billion in direct payments.

The Gates’ is the second divorce among the ultra-rich in technology in recent years. Amazon.com founder Jeff Bezos and his wife, MacKenzie Scott, separated in 2019 after 25 years of marriage.

Scott, author and philanthropist, continued give $ 5.7 billion of your fortune in 2020 to charities focused on racial justice and food insecurity. She married to Dan Jewett, who worked as a chemistry teacher at her children’s school earlier this year.





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