Details of how Bill and Melinda Gates will share the Gates’ fortune are beginning to emerge. The multi-billionaire couple announced their divorce after 27 years of marriage on Monday via a joint statement.
Since the divorce announcements, questions on how Bill’s $146bn fortune would be split, have arisen in the media. Nairametrics also did an earlier article on a few possible financial outcomes, particularly regarding the BMG Foundation that the couple jointly Chair.
More details have now emerged on the Gates asset split following the divorce.
Cascade transfers $1.8bn equities to Melinda Gates
Cascade Investment, a holding company Bill Gates founded with proceeds from his Microsoft Corporation yesterday transferred securities worth more than $1.8 billion to Melinda Gates following their divorce.
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Gates pair divorce world’s most expensive
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NEW YORK: Bill and Melinda Gates, the influential billionaire couple in charge of the world’s largest private foundation, are divorcing after 27 years of marriage, the pair said Monday in separate announcements on Twitter.
In the divorce filing, the couple stated their marriage is “irretrievably broken.” Bill and Melinda will remain co-chairs of The Bill and Melinda Gates Foundation, and they will continue to work together to shape the strategies of the foundation and set the organization’s direction, according to a statement by the couple’s spokesperson. “We have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives,” the statement says. “We continue to share a belief in that mission and will continue our work together at the foundation, but we no longer believe we can grow together as a couple in this next phase of
Highlights
How will they divide assets?
How much the couple own?
New Delhi: Microsoft co-founder and philanthropist Bill Gates and his wife Melinda Gates have announced that they were getting divorced after 27 years of marriage, though in a joint statement they said that they will continue to work together at their foundation.
They have three children and jointly run the Bill & Melinda Gates Foundation, which is based in Seattle, with Chief Executive Mark Suzman. The foundation says it had spent more than $54 billion on projects by the end of 2019.
The divorce announcement puts focus on the couple s sprawling Seattle-based organisation, The Bill and Melinda Gates Foundation, which had reported total net assets of USD 43.3 billion at the end of 2019.
In a joint statement released on Bills Gates’ Twitter handle, the couple announced to the world, their plans to get a divorce after 27 years of marriage. Bill Gates, the Microsoft Co-Founder is the fourth richest man in the world with a net worth of $146bn.
The Bill and Melinda Gates Foundation is also the largest and the most influential philanthropic entity in the world today. The announcement has shaken up the world of finance and humanitarian aid raising questions on the uncertainty that lies ahead.
Financially, the divorce will affect two major areas:
1. The Bill and Melinda Gates (BMG) Foundation