Melinda French Gates steps down from Gates Foundation

Billionaire philanthropist Melinda French Gates has announced her resignation as a co-chair of the Bill & Melinda Gates Foundation. In a statement posted on Monday, Ms. Gates expressed that this decision was not made lightly and her last day of work will be on June 7th.

Ms. Gates, along with her ex-husband Bill Gates, co-founded the foundation in 2000. Despite their separation in 2021 after 27 years of marriage, the former couple vowed to continue their joint philanthropic efforts. The Gates Foundation, known as the largest private organization of its kind, boasts an endowment of over $75 billion and focuses on initiatives to combat infectious diseases, poverty, and climate change.

Throughout their marriage, the Gates couple donated more than $36 billion of their wealth to the foundation from 1994 to 2018. Ms. Gates expressed her pride in the foundation they built together and announced that she will have an additional $12.5 billion for her own charitable work on women and families under an agreement with Mr. Gates.

In addition to her work with the Gates Foundation, Ms. Gates founded Pivotal Ventures in 2015, a separate entity that aims to remove barriers to opportunity for women and minority groups. In her statement, she emphasized the importance of supporting women and girls in the US and around the world.

Mr. Gates expressed his regret at seeing Melinda leave but voiced confidence in her future philanthropic endeavors. As one of the world’s wealthiest individuals, with a net worth of over $130.3 billion, Bill Gates is expected to continue his philanthropic efforts alongside their shared foundation. Melinda Gates’ fortune is listed at $11.3 billion, reflecting her independence and commitment to philanthropy.

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