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Under the terms of the agreement, Melinda Gates will receive an additional $12.5 billion while exiting the Gates foundation which she will use for her own charity work for the welfare of women and families

Melinda Gates to leave Gates foundation; to use $12.5 billion for own charity work

<h2>Under the terms of the agreement, Melinda Gates will receive an additional $12.5 billion while exiting the Gates foundation which she will use for her own charity work for the welfare of women and families</h2>

Melinda French Gates has announced that she will be resigning from the philanthropy mega foundation that she established with her ex-husband, Microsoft co-founder Bill Gates.
"After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill &amp; Melinda Gates Foundation," she wrote in a statement posted on social media, adding the resignation would become effective on June 7.
<blockquote class="twitter-tweet">
<a href="https://t.co/JYIovjNYKo">pic.twitter.com/JYIovjNYKo</a>
&mdash; Melinda French Gates (@melindagates) <a href="https://twitter.com/melindagates/status/1790049411227086949?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
<h3>Melinda exits Gates foundation</h3>
Under the terms of the agreement, Melinda will receive an additional $12.5 billion which she will use for her own charity work for the welfare of women and families.
"under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families", Melinda said in the statement.
The foundation, established with the vast wealth that the couple acquired through the success of Microsoft, is one of the most influential in global philanthropy, with a focus on preventable diseases and child poverty.
The foundation's website says it has spent $53.8 billion since the year 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.
[With inputs from AP]
Also watch: <a href="https://www.editorji.com/business-news/microsoft-s-q3-revenue-soars-17-on-ai-integration-azure-surge-1714112741883">Microsoft's Q3 revenue soars 17% on AI integration, Azure surge</a>

The biggest custody battle in the Bill - Melinda Gates divorce was likely to be the&nbsp;massive charitable foundation they have built together and now the erstwhile power couple are giving themselves a two-year trial period to see if they can co-parent&nbsp;one of the world's largest charitable foundations, 'The Gates Foundation.'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," CEO Mark Suzman said.&nbsp;In case the 'trial' does not work out&nbsp;Bill Gates would remain in control and, buy Melinda Gates&nbsp;out of the foundation, Suzman said. The foundation faced a blow last month as marquee investor and close friend of Bill Gates Warren Buffet resigned from the board of trustees without citing any reasons.&nbsp;

Gates Divorce: Melinda Gates may quit the foundation leaving reigns to Bill Gates

Bill - Melinda Gates Divorces, the custody battle begins for the 'fourth child' Click here for details&nbsp;

Bill-Melinda Gates Divorce

<ul>
<li>Custody battle for The Gates Foundation begins between Bill and Melinda Gates</li>
<li>Melinda-Bill Gates to give a trial period if two years to run the foundation together&nbsp;</li>
<li>Post 2 years Melinda has option to resign her position as co-chair and trustee</li>
<li>Bill Gates would buyout Melinda Gates&nbsp; out of the foundation if she chooses to resign</li>
<li>Warren Buffet resigned from the board of trustees of the foundation last month</li>
</ul>

Following their divorce, they will continue to work together for now at the foundation, which they gave an additional $15 billion in resources, and will add new independent trustees.

The biggest custody battle in the Bill - Melinda Gates divorce was likely to be the&nbsp;massive charitable foundation they have built together and now the erstwhile power couple is giving themselves a two-year trial period to see if they can co-parent&nbsp;one of the world's largest charitable foundations, 'The Gates Foundation.' If after two years either decide they cannot continue to work together as co-chairs, French Gates will resign her position as co-chair and trustee," CEO Mark Suzman said.&nbsp; In case the 'trial' does not work out&nbsp;Bill Gates would remain in control and, buy Melinda Gates&nbsp;out of the foundation, Suzman said. The foundation faced a blow last month as a marquee investor and close friend of Bill Gates Warren Buffet resigned from the board of trustees without citing any reasons.&nbsp;

Microsoft founder Bill Gates and his wife and fellow philanthropist Melinda have announced divorce after 27 years of marriage.
In identical tweets, they announced that they would continue to work together at the Bill &amp; Melinda Gates Foundation, the world's largest private charitable foundation.
One of the world's wealthiest couples -- with a joint fortune estimated at $130 billion -- the Gates have channelled billions into charitable work around the globe via their hugely influential foundation.
The couple were married in 1994 in Hawaii. They met after Melinda began working at Microsoft as a product manager in 1987.
&nbsp;

Bill & Melinda Gates announce divorce after 27 yrs of marriage

Microsoft founder Bill Gates and his wife and fellow philanthropist Melinda have announced divorce after 27 years of marriage

Microsoft founder Bill Gates and his wife and fellow philanthropist Melinda have announced divorce after 27 years of marriage. In identical tweets, they announced that they would continue to work together at the Bill &amp; Melinda Gates Foundation, the world's largest private charitable foundation. One of the world's wealthiest couples -- with a joint fortune estimated at $130 billion -- the Gates have channelled billions into charitable work around the globe via their hugely influential foundation. The couple were married in 1994 in Hawaii. They met after Melinda began working at Microsoft as a product manager in 1987.
&nbsp;

Microsoft founder Bill Gates and his wife and fellow philanthropist Melinda have announced divorce after 27 years of marriage.
In identical tweets, they announced that they would continue to work together at the Bill &amp; Melinda Gates Foundation, the world's largest private charitable foundation.
One of the world's wealthiest couples -- with a joint fortune estimated at $130 billion -- the Gates have channelled billions into charitable work around the globe via their hugely influential foundation.
The couple were married in 1994 in Hawaii. They met after Melinda began working at Microsoft as a product manager in 1987.
&nbsp;

melinda gates

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