Melinda Gates Announces Resignation And Future Plans...

By Lisa Pelgin | Tuesday, 14 May 2024 04:30 PM
Views 1.6K
Image Credit : The Guardian

Melinda French Gates, the former spouse of Microsoft co-founder Bill Gates, has announced her departure from the couple's joint charity to establish her own philanthropic venture.

This new endeavor will be supported by a $12.5 billion fund, a part of her divorce settlement.

In a statement, French Gates confirmed, “After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation.” Her tenure at the charity will officially conclude on June 7.

She further revealed that she and her ex-husband have mutually agreed upon allocating an additional $12.5 billion for her to "commit to my work on behalf of women and families.”

Bill Gates, in a simultaneous statement, expressed his gratitude towards French Gates for her significant contributions to the foundation since its inception. He acknowledged her instrumental role in "shaping our strategies and initiatives, significantly impacting global health and gender equality."

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Expressing regret over her departure, Gates wrote, “I am sorry to see her leave, but I am sure she will have a huge impact in her future philanthropic work.”

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Despite the changes, the tech magnate reaffirmed his dedication to the foundation's mission. He stated his commitment to "the Foundation’s work across all our strategies, and to realizing the opportunities we have to continue improving the lives of millions around the world.”

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