Thursday 10/28/21
PHILANTHROPISTS

Bill and Melinda Gates to divorce but continue work at foundation

The foundation says it had spent more than 54 billion dollars on projects by the end of 2019.
FILED - 10 August 2008, China, Beijing: Bill Gates (L), founder of Microsoft and his wife Melinda attend a swimming race during the 2008 Summer Olympics ​at the National Aquatics Center. Gates said in a tweet on Monday that he and his wife will be splitting up after 27 years. Photo: Bernd Thissen/dpa
Bill Gates (L), founder of Microsoft and his wife Melinda. Photo: Bernd Thissen/dpa.

Philanthropists Bill and Melinda Gates are ending their marriage after 27 years.

"After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage," the pair wrote in a joint statement posted on Twitter Monday by the Microsoft founder.

"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 statement said.

"We continue to share a belief in that mission and will continue our work together at the foundations, but we no longer believe we can grow together as a couple in this next phase of our lives."

The couple jointly run the Bill & Melinda Gates Foundation, which is based in Seattle in the US Pacific Northwest, with chief executive Mark Suzman.

In developing countries, the foundation's focus is on improvements to health and providing opportunities for people to lift themselves out of hunger and extreme poverty.

In the United States, the foundation seeks to ensure people have equal access to what they need to achieve success in school and life, especially for those with the fewest resources.

The foundation says it had spent more than 54 billion dollars on projects by the end of 2019.

One of its biggest supporters is star investor Warren Buffett, who has already donated more than 20 billion dollars to the organization.

Since 2010, Buffett and Bill Gates have encouraged other billionaires to donate their riches to good causes as part of an initiative called The Giving Pledge.

The wealthy signatories pledge to donate at least half of their assets to charitable purposes during their lifetime or afterwards - as stipulated in their will.

One of the richest in the world

Bill, who is one of the richest people in the world, has often emphasized in interviews that his children should only inherit a small part of his wealth.

The financial magazine Forbes has estimated he is worth more than 100 billion dollars.

Bill was 19 when he founded Microsoft with Paul Allen in 1975 and dropped out of college at Harvard University.

The company's rapid rise began in 1980, when Microsoft sold manufacturer IBM its MS-DOS operating system - the forerunner of what would later become Windows. Windows became established worldwide in the 1990s.

In 2007, Bill received an honorary degree from Harvard. He gave up his active role at Microsoft in 2008 to focus on the work of the foundation.

Melinda Gates grew up in Dallas, Texas. She earned a Bachelor’s Degree in computer science and economics and an MBA, both from Duke University.

She spent the first decade of her career developing multimedia products at Microsoft before leaving the company to focus on her family and philanthropic work, according to the foundation's website.

Comments