
Bill gates divorce plus#

Anand Giridharadas cites the Gates’ divorce as a cautionary tale, telling Reuters, “The Gates divorce will do more than upend a family’s life. The splitting of the most quintessential couple in philanthropy raises an abundance of questions about the Gates Foundation, and potentially the future of philanthropy, given their joint influence in humanitarian projects around the globe. Over the next two days, the stock dropped more than 0.53 percent, signaling further consequences that may go far beyond the personal wealth of Bill and Melinda Gates.

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 is currently ranked the fourth richest person in the world with an estimated net worth of $130 billion USD.
