Bill and Melinda Gates announced on Monday they were ending their 27-year marriage.
“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. “Over the last 27 years, we have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives.”
The statement added that they no longer “believe we can grow together as a couple in this next phase of our lives.”
The couple in 2000 founded the Bill and Melinda Gates Foundation, a private philanthropic organization which funds research and advocacy work across the globe, including in some of the world’s most impoverished nations.
Bill Gates, who co-founded Microsoft in 1975 and served as its chief executive until 2000, stepped down from the company’s board last year and has since focused the majority of his efforts on philanthropy.
He still owns roughly 1.3% of Microsoft shares. His net worth is roughly $130 billion, according to Forbes, making him the fourth-richest person in the world. It’s unknown as of yet how assets will be handled in the divorce.
The Gates Foundation’s assets are nearly $50 billion, according to its financial statements. It issued about $5 billion in grants annually during 2018 and 2019.
The foundation in recent months gave $1.75 billion in grants toward accelerating development and distribution of Covid-19 tests, treatments and vaccines.
That included a $4.9 million grant in November to German biotech company BioNTech, which with Pfizer created the first authorized mRNA vaccine for the treatment of Covid-19.
For decades, one of Bill Gates’ objectives has been to give away the majority of his wealth in his lifetime. In 2010, he and fellow billionaire Warren Buffet created “The Giving Pledge,” where wealthy people commit to donating their assets.
“Effective philanthropy requires a lot of time and creativity — the same kind of focus and skills that building a business requires,” Gates told CNN in 1999 profile of his foundation’s investment strategies.
In February 2021, Gates published “How to Avoid a Climate Disaster,” laying out his findings and argument for addressing climate change by achieving net-zero carbon emissions. In it, he took the long view.
“If you want to understand the kind of damage that climate change will inflict, look at Covid-19 and then imagine spreading the pain out over a much longer period of time,” he wrote. “By 2100 it could be five times as deadly.”
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