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Melinda French Gates to Resign as Co-Chair of Bill & Melinda Gates Foundation

Published: 13 May 2024 at 17:24

Business

Melinda French Gates will resign as co-chair of the Bill & Melinda Gates Foundation, receiving an additional $12.5 billion for her charitable work. She plans to focus on women and families, leaving the foundation on June 7. The organization will change its name to the Gates Foundation, with Bill Gates as the sole chair. French Gates' exit had been expected, following her and Bill Gates' divorce announcement in May 2021.

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Melinda French Gates (Wikipedia)


Melinda French Gates (born Melinda Ann French; August 15, 1964) is an American philanthropist, former multimedia product developer and manager at Microsoft, and the ex-wife of its co-founder and billionaire Bill Gates. French Gates has consistently been ranked as one of the world's most powerful women by Forbes magazine.In 2000, she and her then-husband Bill Gates co-founded the Bill & Melinda Gates Foundation, the world's largest private charitable organization as of 2015. She and her ex-husband have been awarded the US Presidential Medal of Freedom and the French Legion of Honour.In early May 2021, Bill and Melinda Gates announced they were getting divorced but will still remain co-chairs of the foundation. She was recognized as one of the BBC's 100 women of 2021.

Bill & Melinda Gates Foundation (Wikipedia)


The Bill & Melinda Gates Foundation (BMGF), a merging of the William H. Gates Foundation and the Gates Learning Foundation, is an American private foundation founded by Bill Gates and Melinda French Gates. Based in Seattle, Washington, it was launched in 2000 and is reported to be the second largest charitable foundation in the world, holding $69 billion in assets as of 2020. On his 43rd birthday, Bill Gates gave the foundation $1 billion. The primary stated goals of the foundation are to enhance healthcare and reduce extreme poverty across the world, and to expand educational opportunities and access to information technology in the U.S. Key individuals of the foundation include Bill Gates, Melinda French Gates, Warren Buffett, chief executive officer Mark Suzman, and Michael Larson.The BMGF had an endowment of approximately $67.3 billion as of December 31, 2022. The scale of the foundation and the way it seeks to apply business techniques to giving makes it one of the leaders in venture philanthropy, though the foundation itself notes that the philanthropic role has limitations. In 2007, its founders were ranked as the second most generous philanthropists in the U.S., behind Warren Buffett. As of 2018, Bill Gates and Melinda French Gates had donated around $36 billion to the foundation. Since its founding, the foundation has endowed and supported a broad range of social, health, and education developments, including the establishment of the Gates Cambridge Scholarships at Cambridge University.

Bill Gates plans to give away virtually all his $153 billion fortune


Bill Gates, the co-founder of Microsoft, intends to donate the majority of his $153 billion fortune to his charity foundation, the Bill & Melinda Gates Foundation. Despite owning a Washington estate, a private plane, and a luxury car collection, Gates is not known for extravagant spending. He has invested in stocks, launched a $1 billion investment fund, Breakthrough Energy, and aims to move down the world's richest list by giving away most of his wealth through charitable causes.

Melinda French Gates Sparks Engagement Rumors with Massive Diamond Ring


Melinda French Gates, previously married to Bill Gates, was seen wearing a large diamond ring sparking rumors of engagement with former Fox reporter Jon Du Pre. The couple finalized their divorce in 2021 after 27 years of marriage, citing various reasons. Melinda has a net worth of $13 billion while Bill Gates has over $148 billion. The Gates family, known for their philanthropy, aims to provide their children with a good education and modest wealth. Melinda and Bill have moved on with new partners after their high-profile split.

Bill Gates (Wikipedia)


William Henry Gates III (born October 28, 1955) is an American businessman, investor, philanthropist, and writer best known for co-founding the software giant Microsoft, along with his childhood friend Paul Allen. During his career at Microsoft, Gates held the positions of chairman, chief executive officer (CEO), president, and chief software architect, while also being its largest individual shareholder until May 2014. He was a prominent pioneer of the microcomputer revolution of the 1970s and 1980s.Gates was born and raised in Seattle, Washington. In 1975, he and Allen founded Microsoft in Albuquerque, New Mexico. Gates led the company as its chairman and chief executive officer until stepping down as CEO in January 2000, succeeded by Steve Ballmer, but he remained chairman of the board of directors and became chief software architect. During the late 1990s, he was criticized for his business tactics, which were considered anti-competitive. This opinion has been upheld by numerous court rulings. In June 2008, Gates transitioned into a part-time role at Microsoft and full-time work at the Bill & Melinda Gates Foundation, the private charitable foundation he and his then-wife Melinda had established in 2000. He stepped down as chairman of the Microsoft board in February 2014 and assumed the role of technology adviser to support newly appointed CEO Satya Nadella. In March 2020, Gates left his board positions at Microsoft and Berkshire Hathaway to focus on his philanthropic efforts on climate change, global health and development, and education.Since 1987, Gates has been included in the Forbes list of the world's billionaires. From 1995 to 2017, he held the Forbes title of the richest person in the world every year except in 2008 and from 2010 to 2013. In October 2017, he was surpassed by Amazon founder Jeff Bezos, who had an estimated net worth of US$90.6 billion compared to Gates's net worth of US$89.9 billion at the time. In the Forbes 400 list of wealthiest Americans in 2023, he was ranked sixth with a wealth of $115.0 billion. As of March 2024, Gates has an estimated net worth of US$151 billion, making him the fifth-richest person in the world according to the Bloomberg Billionaires Index.Later in his career and since leaving day-to-day operations at Microsoft in 2008, Gates has pursued other business and philanthropic endeavors. He is the founder and chairman of several companies, including BEN, Cascade Investment, TerraPower, bgC3, and Breakthrough Energy. He has donated sizable amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, reported to be the world's largest private charity. Through the foundation, he led an early 21st century vaccination campaign that significantly contributed to the eradication of the wild poliovirus in Africa. In 2010, Gates and Warren Buffett founded The Giving Pledge, whereby they and other billionaires pledge to give at least half of their wealth to philanthropy.

Gates Ventures (Wikipedia)


Gates Ventures is the personal service company of Microsoft co-founder and philanthropist Bill Gates. Known until 2018 as bgC3, it comprises his personal staff, a think tank on problems of health and global development, and a technology investment portfolio. The firm is distinct from Cascade Investment and the Bill & Melinda Gates Foundation although Gates uses it to support the Foundation's projects. Areas of research and investment include climate change, clean energy and Alzheimer's disease.Gates Ventures is located at Kirkland, Washington, in the same complex with Cascade and Melinda French Gates' Pivotal Ventures. Niranjan Bose is currently Gates Ventures' managing director.

Bill Gates Sr. (Wikipedia)


William Henry Gates II (November 30, 1925 – September 14, 2020), better known as Bill Gates Sr., was an American attorney, philanthropist, and civic leader. He was the founder of the law firm Shidler McBroom & Gates (a predecessor of K&L Gates), and also served as president of both the Seattle King County and Washington State Bar associations. He was the father of Bill Gates, co-founder of Microsoft.

Bill and Melinda Gates Celebrate Daughter Jennifer's Medical School Graduation


Microsoft founder Bill Gates and his former wife Melinda celebrated their eldest daughter Jennifer Gates's medical school graduation at the Icahn School of Medicine at Mount Sinai in New York. Bill and Melinda expressed pride and admiration for Jennifer's achievement and future career plans to become a pediatrician after completing her residency. Jennifer also earned a master's degree in public health from Columbia University. The family celebrated Jennifer's accomplishments with supportive messages and tributes on Instagram.

Bill Gates (disambiguation) (Wikipedia)


Bill Gates (born 1955) is an American business magnate and co-founder of Microsoft Corporation.Bill or William Gates or similar, may also refer to:

Melinda French Gates to Resign as Co-Chair of Bill & Melinda Gates Foundation Melinda French Gates to Resign as Co-Chair of Bill & Melinda Gates Foundation Melinda French Gates to Resign as Co-Chair of Bill & Melinda Gates Foundation Melinda French Gates to Resign as Co-Chair of Bill & Melinda Gates Foundation Melinda French Gates to Resign as Co-Chair of Bill & Melinda Gates Foundation Melinda French Gates to Resign as Co-Chair of Bill & Melinda Gates Foundation

SOURCES

Business Insider

Melinda French Gates resigns from the powerful charity foundation she and Bill founded

Business Insider

NY Post

Melinda Gates resigning from Gates Foundation, to get $12.5B to launch her own charity

NY Post

Yahoo! News

Melinda French Gates resigns from the powerful charity foundation she and Bill founded

Yahoo! News

Yahoo! News

Melinda French Gates resigns as Gates Foundation co-chair, 3 years after her divorce from Bill Gates

Yahoo! News

Daily Mail

Melinda Gates QUITS the Bill and Melinda Gates Foundation

Laura Parnaby

NDTV

Time Is Right For Me...: Melinda Gates To Resign From Gates Foundation

NDTV

AP News

Melinda French Gates resigns as Gates Foundation co-chair, 3 years after her divorce from Bill Gates

https://apnews.com/author/thalia-beaty

NBC

Melinda French Gates steps down from Gates Foundation, retains $12.5 billion for additional philanthropy

NBC

Fox News

Melinda French Gates to resign from the Gates Foundation

Fox News

BBC News

Melinda French Gates to quit Gates Foundation

https://www.facebook.com/bbcnews

CNN

Melinda French Gates is resigning from the Bill & Melinda Gates Foundation | CNN Business

David Goldman

Wikipedia

Melinda French Gates

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Bill & Melinda Gates Foundation

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Bill Gates plans to give away virtually all his $153 billion fortune

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