Bill Gates and Melinda French Gates filed for divorce on May 3 after 27 years of marriage. Now, three months later, the separation of one of the richest and most powerful couples in the world has been decided by a judge in King County, Washington.
Court documents show that neither party changes their name or receives “spousal support,” the report said CNN and Bloomberg, but how Gates ’huge fortune will be distributed is unclear. Washington is the property of the community, which means that all funds raised during the marriage must be distributed equally in the event of a divorce. But the division of Gates is carried out under a divorce agreement, the details of which are unknown.
By Bloombergbillionaire indexBill Gates is currently the world’s fourth richest man, worth $ 151 billion. The judge who decided the divorce just said the agreement was “fair and just”.
Following the announcement of the marriage earlier this year, stories emerged of Gates’s inappropriate behavior in the workplace. Wall Street Journal reported that Microsoft’s board of directors thought Gates should resign after examining the relationship he had with the employee. Gates resigned from the government in 2020 before the investigation was completed, and a spokesman claimed it had nothing to do with the investigation. “Nearly 20 years ago, there was a relationship that ended amicably,” the spokesman said WSJ.
Microsoft board members were also interested in Gates ’relationship with convicted sex offender Jeffrey Epstein. Like reported The New York Times in May, Gates became friendly with Epstein in 2011, three years after the financier pleaded guilty to acquiring prostitution from children as young as 14 years old. Times said that “Mrs. French Gates had expressed discomfort with her husband while spending time with a sex offender, but Mr. Gates continued to do so.” A Gates spokesman said. Times that the paper “characterizes its meetings with Epstein and others on charity is inaccurate”.
One of the big unknowns after the divorce is the future of the Bill & Melinda Gates Foundation, which has just under $ 50 billion in assets, making it the second largest charity foundation in the world. Currently, the foundation intends to continue a two-year probationary period to see if the former couple can continue to work constructively as co-chairs and shop stewards. If not, Melinda French Gates will resign from the foundation.
“In a case like this, Melinda would get personal resources from Bill for her charity work,” said Foundation Foundation CEO Mark Suzman last month. “These resources would be completely separate from the Foundation’s resources, which would not be affected.”
Following the announcement of the divorce, Bill Gates and Melinda French Gates provided the Foundation with $ 15 billion in additional funding, bringing the Foundation’s total assets to as much as $ 65 billion.