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Wed, May

Melinda Gates Renounces The Bill And Gates Foundation

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Billionaire philanthropist Melinda French Gates has said she will resign as a Co-Chair of the Bill and Melinda Gates Foundation from 7th June.

 

"This is not a decision I came to lightly," Melinda wrote in a statement posted to social media on Monday. 

Melinda founded the foundation, the largest private body of its kind in 2000 with her former husband, Bill Gates, the Microsoft co-founder. 

In 2021, after 27 years of marriage, the pair announced their separation, but pledged to carry on with their joint philanthropic work. At the time of their split, the former couple said they would remain as co-chairs and trustees of the organisation and that no changes to the foundation's structure were expected. 

The Gates Foundation is among the most powerful groups in public health, with an endowment of more than $75bn (£59.7bn) as of December, 2023. It spends billions of dollars every year on initiatives aimed at eradicating infectious diseases, reducing poverty and combating climate change. 

"I am immensely proud of the foundation that Bill and I built together," Melinda wrote in her statement adding that under an agreement with Gates, she will now have an additional $12.5bn for her own charitable work on women and families. 

In 2015, Melinda founded investment company Pivotal Ventures, a separate entity from the Gates Foundation, which focuses on removing barriers to opportunity for women and minority groups. 

"This is a critical moment for women and girls in the US and around the world, and those fighting to protect and advance equality are in urgent need of support". 

Gates said he was sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.

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