Melinda Gates to exit Gates Foundation with $12.5 bln for own charity work
Melinda French Gates is leaving the massive foundation she runs with former husband Bill on 7 June.The Bill and Melinda Gates Foundation will now simply be the Gates Foundation .
The billionaire benefactors parted ways in 2021 after 27 years of marriage but had pledged to continue their philanthropic work together. Their final divorce order filed in a Seattle court had no details on an agreement reached between the two on how to divide their marital assets. With her departure as co-chair, the foundation will change its name to Gates Foundation and Bill Gates will be its sole chairperson, said CEO Mark Suzman.
The foundation is one of the most powerful and influential forces in global public health, having spent more than $75 billion since its inception to bring a business approach to combating poverty and disease.
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