How Gates Foundation will be affected after the Divorce of Bill & Melinda Gates?

Bill Gates and Melinda Gates who are the co-founders of the world’s largest private charitable foundation have filed for divorce. On 3 May 2021, they decided to end their 27 years of marriage as they required space in their personal life and would want to grow individually. Let’s look at what would be the future of the largest charitable foundation in the world, the Bill and Melinda Gates Foundation.

About Bill Gates
About Melinda Gates
Bill and Melinda Gates Foundation
Future Decisions
FAQ

About Bill Gates

Bill gates are the co-founder of one the world’s leading technology firm Microsoft. He had dropped out of Harvard University in the year 1975 to start the technological firm. Bill Gates had owned the majority of the stock in the company which made him a multimillionaire and one of the wealthiest men in the world.

In the year 2000, Gates had stepped down from the position of CEO of Microsoft in order to concentrate on philanthropy.

About Melinda Gates

Melinda French Gates was an employee of Microsoft before getting married to Bill Gates. She was raised in Dallas and completed Economics and Computer Science at Duke University. In the year 2015, she founded an investment company that will be focused on women and families which is Pivotal ventures.

In the year 2019, she had published a book that was focused on female empowerment called The Moment of Lift.

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Bill and Melinda Gates Foundation

The Bill and Melinda Gates Foundation has become one of the most influential and powerful forces in the global public health. Over the past 2 decades, the charitable foundation is estimated to have spent around USD 50 billion to bring a business approach in order to fight against poverty and diseases.

The Bill and Melinda gates foundation has backed a wide range of programmes which include polio and malaria eradication, vaccines and child nutrition. In the year 2020, during the global pandemic due to Covid-19, the foundation had committed an amount of USD 1.75 billion to the relief of Covid-19.

The Bill and Melinda Gates Foundation was launched in the year 2000. The private charitable philanthropic foundation is considered as the largest non-profit foundation in the United States and the world’s largest foundation.

The foundation has a net asset of around USD 43 billion according to the latest financial data available on the website. The couple has been reported to have contributed of around USD 36 billion from the time period of 1994 to 2018.

In the year 2020, Warren Buffet has contributed stocks from his Berkshire Hathaway Inc of more than USD 36 billion to the Bill and Melinda Gates foundation. It was as part of the plans which he had announced previously that is to give away his entire fortune before his death.

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Future Decisions

The couple had filed a joint resolution regarding the dissolution of their marriage. They have conveyed that their legal union was broken in a way that couldn’t be made right but they added that they had reached to an agreement on how to divide their wealth between each other. The details of the division of wealth were not disclosed.

They had posted a tweet on their individual accounts which said that they had decided to end their marriage after a great deal of thought and a lot of work on their relationship.

They added that they would require space and more privacy in their new life as they have realized that they will no longer be able to grow together as a couple in the next phase of their life.

FAQ

What is the purpose of the Gates Foundation?

Gates Foundation focuses on improving people's health and giving them the chance to lift themselves out of hunger and extreme poverty in developing  countries.

What disease did the Gates Foundation eradicate?

Gates Foundation made progress toward eradicating polio.

Who is the CEO of the Gates Foundation?

Mark Suzman is the CEO of the Gates Foundation.

Conclusion

In a separate statement, the Bill and Melinda Gates Foundation had said that the couple would remain as the co-chairs and trustees of the organization and would work together for the foundation to shape the foundation strategies and approve it, to advocate the issues faced by the foundation and to set the overall direction of the organization.