Melinda French Gates, the billionaire ex-wife of Microsoft co-founder Bill Gates, has embarked on a new chapter in her life that has resonated with people worldwide. She has stepped down as co-chair of the Bill and Melinda Gates Foundation, choosing to focus on her personal philanthropic journey. In a testament to her unwavering commitment, she has announced that, as part of her agreement with her former spouse, she will receive a substantial $12.5 billion to fuel her own charitable initiatives.
Melinda’s departure from the Bill and Melinda Gates Foundation, a decision she described as deeply considered, marks a significant shift for the organization. “I am immensely proud of the foundation that Bill and I built together and the remarkable work it has accomplished,” she said, acknowledging the impact of her departure.
Expressing her deep regard for the foundation’s team and partners worldwide, Melinda stressed her confidence in its continued strength under the stewardship of CEO Mark Suzman, the executive leadership team, and the board of trustees. Her words of appreciation for their work and dedication make them feel valued. ‘The timing feels right for me to embark on the next phase of my philanthropy,’ she affirmed.
Melinda’s departure from the foundation is driven by her deep concern for the needs of women and girls globally. She is committed to using her newfound resources to champion their cause. “Under the terms of my agreement with Bill, I will have an additional $12.5 billion to devote to my advocacy for women and families,” she revealed, promising to share more details soon.
Founded in 2000, the Bill and Melinda Gates Foundation stands as a formidable force in the fight against poverty, disease, and inequality worldwide. Melinda’s departure comes after 27 years of marriage to Bill Gates, with their divorce finalized nearly three months following their separation announcement in August 2021.
In a separate statement, Bill Gates expressed his gratitude for Melinda’s pivotal role in shaping the foundation’s strategies and initiatives. He also expressed his confidence in her ability to continue making a profound impact through her future philanthropic endeavors. “While I am saddened by Melinda’s departure, I am filled with hope for the future. I am confident in her ability to continue championing the causes she holds dear,” he remarked.
Assuring continuity in the foundation’s mission, Bill reiterated his unwavering commitment to its work, instilling a sense of confidence in the audience. ‘Our team is resolute and passionate, and under the leadership of Mark Suzman and our dedicated board of trustees, we will continue to make significant strides toward our goal of a healthier, more prosperous world for all,’ he concluded.
