13.8 C
London
Wednesday, May 12, 2021

Bill and Melinda Gates divorce: how will the billionaire couple divide their $ 130 billion in assets?

Must read

UK Time Newshttps://www.uktimenews.com
UK Time News is your daily dose of Latest News, Entertainment, Music, Fashion, Lifestyle, World, Cricket, Sports, Politics, Tech, Business News Website. We provide you with the Latest Breaking News Straight from the UK & all around the World on different categories.

Billionaire couple Bill Gates and his wife Melinda Gates left everyone surprised on Monday, May 3 when the duo announced on Twitter that they were going to divorce after 27 years of marriage. Bill and Melinda Gates, however, said they would continue to work together at the Bill and Melinda Gates Foundation.

Bill and Melinda’s divorce announcement shifted everyone’s attention to the Bill and Melinda Gates Foundation, which had reported total net assets of $ 43.3 billion at the end of 2019.

READ  Barcelona vs Atletico Madrid teams for La Liga clash at Camp Nou confirmed - UKTN

Bill Gates, who is currently the fourth richest person in the world, has often said in his interviews that his children should only inherit a small portion of his vast fortune.

READ  Bill and Melinda Gates end 27-year marriage "after much thought"

Gates founded Microsoft with his friend Paul Allen and remained CEO of the company until 2000, but he decided to step down from his day-to-day role at Microsoft in 2008 and was chairman of the board until 2014.

A statement released by the Bill and Melinda Gates Foundations said Bill and Melinda Gates would remain co-chairs and trustees and the organization would not witness any major changes. “They will continue to work together to shape and endorse the foundation’s strategies, advocate for foundation issues and set the overall direction of the organization,” the statement said.

READ  Russia orders soldiers to return from Ukrainian border after weeks of tension | UKTN | 22.04.2021

According to reports, Bill and Melinda Gates own $ 130 billion in assets and news of their divorce has sparked speculation on how the couple will divide the immense fortune.

It should be noted that Bill Gates owns approximately 1% of Microsoft. When Microsoft went public in 1986, Gates owned 49% of the software company – becoming an instant millionaire.

READ  Reason for Bill and Melinda Gates Divorce - Read Details Here

In 2020, Gates decided to step down from the Microsoft board to focus more on charitable work and its foundation, which he co-chairs with Melinda.

READ  The 8 richest in the world are now worth $ 1 trillion and $ 110 billion added this year

Gates is still making money with Microsoft and he has invested in several other companies as well. Gates is also a director of investment firm Berkshire Hathaway.

Gates is also president of TerraPower, a nuclear reactor design company.

.

More articles

15,129FansLike
4,596FollowersFollow

Latest article