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Bill Gates and Melinda Gates divorce: Everything about the family foundation and billions at stake. The Bill and Melinda Gates Foundation changed how people look at philanthropy by the rich. But now the namesake leaders are splitting up.
Bill Gates and Melinda Gates, two of the world’s most powerful and well-funded philanthropists, said in early May that they’re ending their marriage. For the past two decades, the pair has funded education, global health and other causes through their namesake foundation. The couple, along with billionaire investor Warren Buffett, also founded The Giving Pledge, a campaign encouraging wealthy people to give away the bulk of their money.
“After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage,” the Microsoft co-founder shared May 3 on Twitter. “Over the last 27 years, we have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives.”
The divorce came as a surprise to many in the tech and giving worlds, where the Gates name is well known. The two won’t just be splitting their vast fortune, last estimated at around $124 billion. The divorce also potentially throws the future of the Bill and Melinda Gates Foundation into question, despite its roughly $50 billion endowment.
Bill Gates and Melinda Gates have been married for 27 years
They met at Microsoft, where Bill Gates was a co-founder and CEO and where he made his fortune. Melinda Gates started at Microsoft as a marketing manager for multimedia products, like the Encarta multimedia encyclopedia and the famously failed Microsoft Bob software. She began dating Bill in 1987 and they married in 1994. They have three children and live in a mansion overlooking Lake Washington in the Seattle suburbs.
The Bill and Melinda Gates Foundation began in 2000, and has since become the world’s largest private charitable organization.
Melinda Gates also began Pivotal Ventures, an investment firm outside the foundation, in 2015. It’s focused on supporting women and families in the US.
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