Melinda Gates resigns as co-chair from Bill & Gates Foundation

Melinda Gates, the former wife of Microsoft’s founder has said she would step down as co-chair of the Bill & Melinda Gates Foundation from June 7.

As part of her separation agreement from Bill Gates, Melinda said she will receive an additional $12.5 billion for her charitable work. Backing the story, the Foundation’s chief executive officer, Mark Suzman, said the organisation will change its name to the Gates Foundation, and Bill Gates will become the sole chair.

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