Microsoft co-founder Bill Gates has transferred nearly $8 billion to his former wife Melinda Gates, five years after their divorce.
The payment was made to Pivotal Philanthropies, Melinda’s personal foundation.
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The New York Times reports that Gates donated $7.88 billion as part of their divorce settlement. The couple ended their 27-year marriage in 2021.
At the time, they said the split was amicable and that they would continue working together on philanthropy. However, that partnership officially ended in May 2024.
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Melinda resigned from the Bill and Melinda Gates Foundation, which they had co-run for more than two decades.
After stepping down, she announced plans to expand Pivotal Philanthropies into a major global charity.
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She reportedly encouraged Gates to donate $12.5 billion toward the new foundation. The $7.88 billion transfer is believed to be the largest single donation he has made to her organisation.
Pivotal Philanthropies focuses on women’s rights, gender equality, family health, and social justice.
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Bill Gates is currently worth an estimated $130 billion.
The Gates Foundation remains one of the largest charitable organisations in the world. It has spent more than $75 billion on global health, education, and poverty programmes.
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