According to a joint statement released on Monday, Melinda and Bill Gates are divorcing after 27 years of marriage.
According to Forbes, Bill Gates, 65, who co-founded Microsoft in 1975, is the fourth richest man globally, with a net worth of $130.5 billion. In March, he resigned from Microsoft’s board of directors to concentrate purely on his job for the foundation.
“There is no such thing as a national solution to a global crisis,” they said earlier on the foundation’s website. “All countries must work together to end the pandemic and begin rebuilding economies.”
The foundation said in a statement late Monday that Bill and Melinda will continue to serve as co-chairs and trustees and that no improvements to their positions were expected. “They will continue to work together to shape and approve foundation strategies, advocate for the foundation’s issues, and set the organisation’s overall direction,” according to the declaration.
The couple had three children and agreed early on not to lend the most of their wealth to them but rather to give it away. “It was incredible that we had this fortune; it was enormous.” We didn’t think it would be a good idea to give it to our children in large quantities,” Bill previously told CBS News.
The divorce prompts concerns about what will become of the rest of it. The financial terms of the divorce are unknown at this time. Forbes publisher Randall Lane predicts that their philanthropy will endure the break. They founded the Bill and Melinda Gates Foundation in 2000, a philanthropic organisation that has invested $53.8 billion in fighting “poverty, disease, and inequity around the world,” according to the foundation’s website. The charity is regarded as one of the best globally. It has invested more than $1.75 billion in the battle against COVID-19.
Bill and Melinda, both 56, met at Microsoft in 1987. Melinda was 24 at the time and had just begun working as a publicity consultant. Bill, 31, was the CEO. They married in 1994, and a year later, Bill became the world’s richest man.