Bill and Melinda Gates divorce

Bill and Melinda Gates divorce: Bill and Melinda Gates divorce after 27 years of marriage

Bill and Melinda Gates divorce: At the time of last week, Bill Gates and Melinda French Gates reported their divorce. That same day, Melinda Gates became a billionaire.

Cascade Investment, Bill Gate’s investment vehicle, sent nearly $2.4 billion in securities to Melinda Gates on Monday. The following day his net worth fall off slightly, from $130.4 billion to $128.1 billion, as stated to Forbes. Although, Bill Gates secure his status as the fourth richest person in the world.

He dropped behind Jeff Bezos ($177 billion), Elon Musk ($157 billion), and Bernard Arnault and family ($150 billion).

Melinda Gates accepted 2.94 million shares of AutoNation and 14.1 million shares of Canadian National Railway Co., as stated to Forbes. AutoNation is worth $309 million and Canadian National Railway Co. is worth an estimated $1.5 billion.

Melinda Gates also accepted a 25.8 million transfer of Mexico-based Coca-Cola Femsa — worth $120 million — and 155.4 million shares of Mexican broadcaster Grupo Televisa SA — worth $386 million.

Till the year 2000, Bill was Microsoft’s CEO, and he later moved out of a daily role with the company in 2008. Not until 2014, he served as chairman of the board and reported just last year he was moving down to focus on philanthropy.

In the year 2000, the couple founded The Bill & Melinda Gates Foundation, a nonprofit organization that has spent more than $53 billion since its details to target poverty and inequity worldwide, according to the foundation’s website.

Melinda Gates, who was a product manager at Microsoft, met Bill Gates at a business dinner in New York City. They got married in Hawaii in 1994.

The couple’s divorce filings reveal they requested a judge in Washington state to separate their assets depend on the terms of a divide contract, mainly issued when spouses are living apart but have not yet divorced, according to Forbes.

Such terms of the contract weren’t disclosed

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Bill gates made similar comments on Reddit | Bill and Melinda Gates divorce

“I definitely think leaving kids massive amounts of money is not a favor to them,” Gates said in response to a Reddit user’s comment on the $10 million figure. “Warren Buffett was part of an article in Fortune talking about this in 1986 before I met him and it made me think about it and decide he was right. Some people disagree with this but Melinda and I feel good about it.”