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.
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.
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.
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.
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.
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.