Similar patterns in the market occurred as Microsoft‘s stock saw an evident drop since the divorce announcement on May 3. The announcement of Bezos’ divorce saw immediate ramifications outside of personal agreements as Amazon’s shares plummetted 0.5 percent the same day. Just recently, Melinda Gates’ net worth increased to at least $2.4 billion USD after receiving a transfer of securities from Bill’s investment company, Cascade Investment. Though the Gates have agreed to an amicable separation, the divorce agreements may also lead to a split of the foundation in two, leading to less intermingling and more autonomy. The terms of their divorce left Mackenzie Scott with a four percent stake in Amazon, worth more than $38 billion USD. Some comparisons can be drawn regarding the longtail effects of Amazon CEO Jeff Bezos‘ 2019 divorce on his business.
With such a high-profile divorce, many may wonder how the Gates divorce will impact their multiple global ventures. The divorce may have huge repercussions for the foundation and for its work across the globe.” As Rob Reich, a Stanford University professor, told the New York Times, “The Gates Foundation is the most important and influential philanthropic entity in the world today. In total, they have spent over $55 billion USD on global issues in the past two decades.ĭue to the immense international reach the foundation has garnered over the years, experts have expressed economic concerns that may stem from the divorce. During the pandemic alone, the Gates’ foundation committed $1.75 billion USD to COVID-19 relief. Together, the Gates have invested more than $36 billion USD into the Bill & Melinda Gates Foundation between 19, highlighting various causes worldwide.
Bill gates divorce trial#
The 66-year-old tech titan's friendship with convicted sex offender Jeffrey Epstein has been under the scanner for a while now.Įpstein killed himself in 2019 while awaiting his own sex crimes trial in New York.Bill Gates is currently ranked the fourth richest person in the world with an estimated net worth of $130 billion USD. But I did not like that he'd had meetings with Jeffrey Epstein, no," Melinda had told King. "As I said, it's not one thing, it was many things. Melinda, who is one of the wealthiest women in the world, didn't support Gates's friendship with Epstein and had made it clear to him that she didn't like their interaction. I was committed to this marriage from the day we got engaged and until the day I got out of it.”ĬBS Mornings' Gayle King earlier this year in March, Gates had revealed that that there were "a lot of issues and not just one thing" that led to the divorce, the Duke University alumna said that she thought that as a couple they would be able to work through issues. I gave every single piece of myself to this marriage. “We knew that when the divorce was going to be a surprise people, and I felt bad about that. “Unfortunately, I felt like I needed to take a different path,” she added. Melinda also revealed that she never thought she would get a divorce, but she reached a point in her marriage with Gates that it had to be done. And we got to the other side,” she added. I was on a video call with a woman who had lost her father, and a week later she’s on a call with me, right? My main concern, of course, was trying to protect my kids through it. We work with unbelievable partners around the world who were also struggling during Covid. “It reminded me that the foundation calls me to be my best. This made her realise that as a leader, she could do it.
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