Bill Gates and Melinda French Gates filed for divorce on May 3, after 27 years of marriage. Now, three months later, the separation of one of the wealthiest and most powerful couples in the world has been finalized by a judge in King County, Washington.
According to court records, neither party will change its name or receive “spouse assistance.” CNN When BloombergHowever, it is unclear exactly how Gates’ vast fortune will be divided. Washington is a state of community property. This means that in the event of a divorce, all assets accumulated during the marriage must be evenly divided. However, Gates’ split is being done with the support of a separation contract, details of which are unknown.
according to BloombergBillionaire IndexBill Gates is currently the fourth wealthiest man in the world and is worth $ 151 billion. The judge who confirmed the divorce only stated that the contract was “fair and impartial.”
After the divorce was announced earlier this year, there was talk of Gates’ improper behavior at work. The Wall Street Journal report Microsoft’s board thought Gates should resign after investigating his relationship with employees. Gates resigned from the board in 2020, before the investigation was completed, and a spokesperson claimed that this had nothing to do with the investigation. “There was an incident that ended amicably almost 20 years ago,” said a spokesman. WSJ..
Members of Microsoft’s board of directors reportedly were also interested in the relationship between Gates and Jeffrey Epstein, a convicted sex offender.As Reported by New York Times In May, Gates became friends with Epstein in 2011. This was three years after the financier pleaded guilty to soliciting prostitution from a 14-year-old child. Times “Mr. Gates in France expressed discomfort with her husband spending time with sex offenders, but Gates continued to do so,” said a Gates spokesman. Times “The characterization of his meeting with Epstein and others on philanthropy is inaccurate,” he said in the treatise.
One of the big unknowns after divorce is the future of the Bill & Melinda Gates Foundation, which has assets of just under $ 50 billion and is the second largest charitable foundation in the world.Currently the foundation 2 year trial period To see if the former couple can continue to cooperate constructively as co-chairs and trustees. Otherwise, Melinda French Gates will resign from the Foundation.
“In such cases, Melinda will receive personal resources from Bill for her philanthropy,” said Foundation CEO Mark Suzuman last month. “These resources are completely separated from the unaffected Foundation donations.”
Following the announcement of the divorce, Bill Gates and Melinda French Gates promised the Foundation an additional $ 15 billion. This will bring total donations up to $ 65 billion.
https://www.theverge.com/2021/8/3/22607200/bill-gates-melinda-french-gates-divorce-finalized-financial-assets-foundation Bill Gates and Melinda French Gates officially divorced