Melinda French Gates has announced her resignation from the Bill and Melinda Gates Foundation, a move that comes three years after her separation from Microsoft co-founder Bill Gates.
In a statement shared on her Instagram account, she revealed that as part of her departure agreement from the foundation, she will maintain control over $12.5 billion, which she claims she will allocate towards her continued efforts in supporting women and families.
With a current valuation of $75.2 billion, the Gates Foundation has disbursed grants totaling $77.6 billion throughout its three-decade existence, establishing itself as a prominent global ‘philanthropic’ entity.
Primarily dedicated to health and developmental initiatives, it ranks among the foremost benefactors globally. The foundation significantly supports the World Health Organization and played a pivotal role in the Covid pandemic.
In 2021, Bill and Melinda Gates announced their separation, following more than two years after CNBC initially covered Bill Gates' association with Jeffrey Epstein, a convicted sex offender and disgraced financier. Melinda Gates reportedly consulted divorce attorneys as early as 2019, soon after reports surfaced about Bill Gates' ties to Epstein, as per previous coverage by The Wall Street Journal.
