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Bill gates love story surprised world yet Melinda gates and bill gates divorce shocked the world. Most people are worried about divorce reasons and Melinda gates settlement. However main concern should be future of Melinda gates foundation and impact on business, family daughters and son. Bill gates a richest who settled life well, will how settles this.
Bill Gates, who co-founded Microsoft, and his wife Melinda, are divorcing after 27 years of marriage.
The couple, who co-chair the Bill & Melinda Gates Foundation, a global health and development charity, announced their split on Twitter, saying they would continue to work together at the foundation. “After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage,” they said in a joint statement posted by each on their Twitter feed. “Over the last 27 years, we have raised three incredible children and built a foundation that works over the world to enable all people to lead healthy, productive lives. 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 our lives. We ask for space and privacy for our family as we begin to navigate this new life.” The couple’s separation likely surprises many who know the couple as philanthropists. “I think we are all surprised on some level; many of us look up to Bill and Melinda Gates, particularly in this COVID era,” said Leslie Barbara, an attorney and divorce & family law group chair with Davidoff Hutcher & Citron in New York.
Last year, Bill, formerly the world’s richest person, said he was stepping down from Microsoft’s board to focus on philanthropy. He became a prominent spokesperson last year as coronavirus spread, given Gates’ previous warnings about a global pandemic.
He expressed disbelief that a conspiracy theory had him masterminding the delivery of microchips in COVID-19 vaccine shots for the purpose of tracking people.
It makes no sense technologically, he told USA TODAY in January. Even if it were possible, “Why would I be involved in that?” he said. “I don’t get it.”
Bill was Microsoft’s CEO until 2000 and since then has gradually scaled back his involvement in the company he started with Paul Allen in 1975. He transitioned out of a day-to-day role in Microsoft in 2008 and served as chairman of the board until 2014.
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Barbara, the family law attorney, expects the Gates divorce to parallel that of Jeff Bezos and his then-wife MacKenzie in 2019. Bezos’ net worth was $160 billion at the time; in their settlement, Bezos kept most of the assets and she got an Amazon stake valued at more than $35 billion.
“They will likely continue to partner together rather than buy each other out and sell off assets,” Barbara said. “It appears that it might make more sense for them to continue their professional endeavors in a similar fashion. But don’t get me wrong, this will be complicated. Issues of control, passing on the assets to the next generation will likely be at the forefront of the negotiations.”
The holding company Cascade Investment is Bill Gates’ biggest asset, Bloomberg reported. It has interests in real estate, energy, hospitality, Canadian National Railway, Deere & Co. Its value was $80 billion at one point, the Financial Times reported, but Gates has given about half away to charity.
Bill remains a significant shareholder in Microsoft, with a 1.3% stake, valued at $26 billion, according to S&P Capital IQ.
The couple owns several homes including a mansion nicknamed Xanadu 2.0 in Medina, Washington, overlooking Lake Washington on a 66,000 square-foot compound previously valued at $127 million, according to Business Insider.
Last year, the couple bought the former home of Madeleine Pickens, the ex-wife of billionaire T. Boone Pickens, in Del Mar, California, valued at $43 million, The Wall Street Journal reported. They previously purchased for $18 million Jenny Craig’s 299-acre horse farm in Rancho Santa Fe, California, also near San Diego.
As to how the couples’ split will affect their foundation, Barbara said, “This is bigger than the two of them. I anticipate that they will do everything they can to ensure that this will be preserved so that their legacy will be carried on.”
The foundation issued a statement to Recode, which said “no changes” were planned for the organization or for Bill or Melinda Gates’ roles. “They will continue to work together to shape and approve foundation strategies, advocate for the foundations’s issues, and set the organization’s overall direction,” the foundation said.