Berliner Boersenzeitung - Melinda Gates to leave Gates Foundation, keeps $12.5bn for her work

EUR -
AED 3.987017
AFN 77.869411
ALL 100.412136
AMD 420.250791
ANG 1.954036
AOA 920.877782
ARS 965.218555
AUD 1.636733
AWG 1.95658
AZN 1.849627
BAM 1.956036
BBD 2.189165
BDT 127.17537
BGN 1.959782
BHD 0.408949
BIF 3112.176134
BMD 1.085481
BND 1.463977
BOB 7.491905
BRL 5.608903
BSD 1.084231
BTN 90.115691
BWP 14.73078
BYN 3.548229
BYR 21275.431322
BZD 2.185464
CAD 1.484016
CDF 3050.202536
CHF 1.000585
CLF 0.035751
CLP 986.469223
CNY 7.861099
CNH 7.882748
COP 4195.107015
CRC 555.867181
CUC 1.085481
CUP 28.765252
CVE 110.278328
CZK 24.653887
DJF 193.043331
DKK 7.471046
DOP 63.847717
DZD 145.87063
EGP 51.153182
ERN 16.282218
ETB 62.296329
FJD 2.461492
FKP 0.86415
GBP 0.857105
GEL 2.942078
GGP 0.86415
GHS 15.774907
GIP 0.86415
GMD 73.568531
GNF 9320.126419
GTQ 8.422018
GYD 226.837415
HKD 8.478807
HNL 26.793238
HRK 7.576611
HTG 144.147421
HUF 384.325891
IDR 17416.545692
ILS 3.972042
IMP 0.86415
INR 90.158711
IQD 1420.271652
IRR 45671.621447
ISK 150.01764
JEP 0.86415
JMD 169.680507
JOD 0.769502
JPY 170.371743
KES 141.4871
KGS 95.474262
KHR 4422.534502
KMF 494.599921
KPW 976.932742
KRW 1483.531255
KWD 0.333254
KYD 0.903509
KZT 480.208037
LAK 23205.804625
LBP 97091.034301
LKR 324.789254
LRD 210.122064
LSL 20.060106
LTL 3.205144
LVL 0.656597
LYD 5.253635
MAD 10.814807
MDL 19.234325
MGA 4804.580676
MKD 61.627448
MMK 2276.87518
MNT 3744.909859
MOP 8.725054
MRU 43.137434
MUR 49.996042
MVR 16.78195
MWK 1879.827194
MXN 18.127323
MYR 5.114249
MZN 68.932104
NAD 20.060102
NGN 1593.986117
NIO 39.904823
NOK 11.487496
NPR 144.185426
NZD 1.773228
OMR 0.41755
PAB 1.084231
PEN 4.05329
PGK 4.213509
PHP 63.179894
PKR 301.615653
PLN 4.264167
PYG 8154.985601
QAR 3.952784
RON 4.978238
RSD 117.16106
RUB 99.457256
RWF 1425.772317
SAR 4.07034
SBD 9.199654
SCR 14.818791
SDG 652.374563
SEK 11.793265
SGD 1.465512
SHP 1.371452
SLE 24.800317
SLL 22761.998832
SOS 619.810126
SRD 35.033367
STD 22467.269053
SVC 9.487147
SYP 2727.303897
SZL 19.933409
THB 39.775328
TJS 11.687813
TMT 3.810039
TND 3.385345
TOP 2.56695
TRY 34.950436
TTD 7.36289
TWD 35.002973
TZS 2818.940694
UAH 43.51826
UGX 4125.498603
USD 1.085481
UYU 41.725043
UZS 13783.665877
VEF 3932212.63556
VES 39.620872
VND 27648.291388
VUV 128.870487
WST 3.042705
XAF 656.036288
XAG 0.035773
XAU 0.000465
XCD 2.933568
XDR 0.818999
XOF 656.036288
XPF 119.331742
YER 271.75061
ZAR 19.993978
ZMK 9770.63718
ZMW 28.937497
ZWL 349.5245
  • NGG

    -1.0300

    60.69

    -1.7%

  • GSK

    -0.0300

    45.12

    -0.07%

  • BP

    0.3000

    36.72

    +0.82%

  • AZN

    0.3600

    78.54

    +0.46%

  • RYCEF

    0.1020

    5.65

    +1.81%

  • RIO

    0.4300

    71.85

    +0.6%

  • CMSC

    0.1200

    24.24

    +0.5%

  • RBGPF

    -1.8300

    55.21

    -3.31%

  • RELX

    0.5300

    44.69

    +1.19%

  • BCC

    4.6500

    141.11

    +3.3%

  • SCS

    0.1300

    13.18

    +0.99%

  • BCE

    -0.2200

    33.57

    -0.66%

  • BTI

    -0.1100

    30.62

    -0.36%

  • VOD

    -0.0300

    9.33

    -0.32%

  • CMSD

    0.0000

    24.09

    0%

  • JRI

    0.0250

    11.395

    +0.22%

Melinda Gates to leave Gates Foundation, keeps $12.5bn for her work
Melinda Gates to leave Gates Foundation, keeps $12.5bn for her work / Photo: Ludovic MARIN - AFP/File

Melinda Gates to leave Gates Foundation, keeps $12.5bn for her work

Philanthropist Melinda French Gates announced Monday she was leaving the nonprofit foundation she established with her ex-husband Bill Gates -- an organization that has become one of the most influential in the world.

Text size:

The announcement from the 59-year-old French Gates comes three years after her divorce from the 68-year-old Microsoft co-founder.

Under the agreement between the former power couple, French Gates -- whose resignation will take effect on June 7 -- will receive $12.5 billion for use on her philanthropic efforts "on behalf of women and families."

"After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation," French Gates wrote in a statement posted on social media.

"This is a critical moment for women and girls in the US and around the world -- and those fighting to protect and advance equality are in urgent need of support."

The announcement comes in an election year in the United States when abortion is expected to play a pivotal role, as Democrats seek to exploit voter dissatisfaction with Republican efforts to restrict access to the procedure.

French Gates has long-standing links to prominent Democratic Party politicians.

"Melinda, this is so exciting," former secretary of state and presidential candidate Hillary Clinton wrote on X.

"Thanks for everything you've already done, and I can't wait to see all you do next. Onward!"

- Break -

Bill Gates married Melinda French in 1994. The couple have three children together, but announced their divorce in 2021.

They had continued to co-chair the foundation they set up using the vast wealth acquired through the success of Microsoft.

But the break in leadership had always been a possibility.

In July 2021, the Seattle-based foundation announced that while the pair would continue to work together in the aftermath of their marital separation, the arrangement was subject to review.

"If after two years either decides they cannot continue to work together as co-chairs, French Gates will resign her position as co-chair and trustee," a statement at the time said.

"In such a case, French Gates would receive personal resources from Gates for her philanthropic work. These resources would be completely separate from the foundation's endowment, which would not be affected."

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in the fight against malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation's website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

Bill Gates on Monday thanked his ex-wife for her "critical contributions" to the organization.

"As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality," he said.

"I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work."

The organization's chief executive, Mark Suzman, said its name would change to simply the Gates Foundation.

"I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we've accomplished over the past 24 years," he said in a video posted to social media.

"I will miss working with her and learning from her. I look forward to seeing her continued impact."

(T.Renner--BBZ)