Bill and Melinda Gates Are Officially Divorced

It’s unclear how their billions will be split.

8/4/2021 7:23:00 AM

Surprisingly, neither Bill Gates or Melinda French Gates plans to change their name

It’s unclear how their billions will be split.

For now, Gates and French Gates will continue running their foundation together under a two-year trial period. “If after two years either decides they cannot continue to work together as co-chairs, French Gates will resign her position as co-chair and trustee,” Mark Suzman, foundation CEO, said, per CNN. If that happens, Gates would buy French Gates out of her share, and he would remain in control of the foundation. Suzman added that in this scenario, French Gates would also receive “personal resources” from Gates to put toward her own philanthropic work. These resources would be “completely separate from the foundation’s endowment.”

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It’s still unclear how their multibillion-dollar fortune will be split. Washington, their home state, requires all assets accumulated during a marriage be divided equally in the event of a divorce. However, the Gates’s split is being carried out under the terms of a separation contract. While the details of this contract are unknown, the judge who finalized their divorce said the terms are “just and equitable.” Gates is currently the fourth-richest person in the world, worth an estimated $151 billion, and the Bill & Melinda Gates Foundation, which the two co-founded, has an endowment of around $50 billion.

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Bill Gates and Melinda French Gates finalize their divorceSEATTLE (AP) — The divorce of Bill Gates and Melinda French Gates has been finalized. The Microsoft co-founder and his wife announced in May they were ending their 27-year marriage and on Monday a King County Superior Court judge signed the dissolution decree. ...and? And sleep together when it's convenient? 🤣

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Bill and Melinda Gates are now officially divorcedMelinda French Gates’ petition for divorce, filed to the court in May, stated that the couple’s relationship was “irretrievably broken.” Why do people care? It’s normal to get divorced. If you don’t, it seems something wrong with your relationship! It’s a new normal dude! 😂 So what?

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