May 6, 2021

Ukraine Breaking News

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Bill Gates and Melinda Gates are separating

Bill Gates and Melinda Gates are separating

Bill Gates, co-founder and former CEO of Microsoft, and his wife, Melinda French Gates, said on Twitter Monday that they will split after 27 years. The two will continue to work together on philanthropic efforts, which have addressed education, gender equality and health care.

“After much thought and work on our relationship, we have decided to end our marriage,” wrote Bill and Melinda Gates in a statement that Bill Gates he tweeted.

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

The decision reflects a personal change at the top of American affairs.

Bill Gates led Microsoft as CEO from its founding with Paul Allen in 1975 through 2000, leaving Steve Ballmer at the helm of the company, while Bill Gates became president and chief software architect. In 2008, Gates gave up his daily role at the company to devote more time to the nonprofit Bill and Melinda Gates Foundation.

Last year Bill Gates stepped down from Microsoft’s board of directors when the coronavirus became a worldwide force. He began spending more time in the foundation with Melinda Gates. The two are co-presidents and administrators of the foundation, launched in 2000.

Bill and Melinda Gates both worked for Microsoft. She had been a general manager at the software company, where she worked on products like the Encarta Encyclopedia, according to her LinkedIn profile. The two met at a Microsoft employee dinner in 1987. “It took a few months for him to ask me out,” Melinda Gates later said. Bill Gates weighed the pros and cons on a chalkboard, and in 1994 the couple got married in Hawaii.

The financial details of Gates’ separation routes are still unclear. Bill Gates owns 1.37% of Microsoft’s outstanding shares, which are worth more than $ 26 billion, according to FactSet. The couple was the creator, along with Warren Buffett, of the Giving Pledge, which provides for the donation of more than half of their wealth.

At one point the couple decided to transfer $ 20 billion of Microsoft stock to the foundation as they sought to increase their commitment to philanthropy, Bill Gates wrote in a 2019 blog post. Today, the foundation has more than $ 51 billion. of assets, according to a tax return, making it one of the richest foundations in the world.

“In Melinda’s case, she is a truly equal partner,” said Bill Gates in the 2019 Netflix documentary “Inside Bill’s Brain”. “She’s a lot like me in that she’s upbeat and interested in science. She’s better off with people than I am. She’s a little less passionate about knowledge, you know, immunology, than me.”

In 2015 the two began pursuing the areas they were interested in. Bill Gates founded Breakthrough Energy, an initiative to slow climate change that includes a risk arm, and Melinda Gates created Pivotal Ventures, a company that makes investments to promote equality.

For Valentine’s Day in 2020, Bill Gates posted a photo on Instagram that showed him standing with his arm around Melinda Gates. “I couldn’t ask for a better partner on this trip,” the caption said.

For more than a decade, the Gates have been publishing annual letters about their founding work. In the last, published in January, they reflected on the impact of the pandemic, as well as supporting the development of vaccines. “For us, the days have become a blur of video meetings, troubling news alerts and microwaved meals,” they wrote.

Bill Gates is the fourth richest person in the world, behind Amazon’s Jeff Bezos, LVMH’s Bernard Arnault and Tesla’s Elon Musk, according to Forbes.

The announcement comes two years after Bezos said he and his wife, MacKenzie, were getting a divorce. Bill Gates and Jeff Bezos are among the richest people in the world, and Amazon and Microsoft compete in the cloud computing industry. Amazon said earlier this year that Bezos would step down from his post as CEO and that cloud chief Andy Jassy would succeed him.


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