How will Bill and Melinda Gates' divorce impact their charity?

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The shock announcement that billionaire philanthropists Bill and Melinda Gates are to divorce after 27 years of marriage has raised questions ...

has raised questions about the future of their hugely influential charity.

With 1,600 staff members in offices around the world, the Gates Foundation gives away roughly US$5 billion each year in areas like global public health and development.More than US$2 billion has gone towards fighting malaria alone with the aim of eradicating the mosquito-borne disease"within a generation."

The money also went to testing, personal protective equipment and support of overwhelmed health services, particularly in developing countries.In total, the foundation says it has spent some US$1.75 billion fighting COVID-19 since the start of the pandemic. In 2008, Bill moved to a part-time role at Microsoft to devote himself to the foundation. Last year, he left his board positions at Microsoft and Berkshire Hathaway for the same reason.

In 2006, Buffett announced that he would donate the bulk of his fortune to the foundation in the form of shares in his company Berkshire Hathaway.

 

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