Bill Gates and Melinda Gates Divorcing After 27 Years | Spurzine
Lugambo News

Bill Gates and Melinda Gates Divorcing After 27 Years

Bill Gates, co-founder and former CEO of Microsoft, together with his wife Melinda Gates have decided to end their longtime relationship of 27 years. Reports of the split came to light after Bill shared a tweet on Monday revealing the two were calling it quits.

According to the tweet shared by Bill Gates on Monday, he and his wife Melinda will be splitting up after 27 years. The two will keep working together on philanthropic work, which has addressed education, gender equality and health care.

“After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage,” Bill and Melinda Gates wrote in a statement that Bill Gates tweeted out.

“Over the last 27 years, we have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives. We continue to share a belief in that mission and will continue our work together at the foundation, but we no longer believe we can grow together as a couple in this next phase of our lives. We ask for space and privacy for our family as we begin to navigate this new life.”

The news has come out as a shock for many, who believed that the two were met for each other till death do them apart but it seems it wasn’t the case all along.

Bill Gates had led Microsoft as CEO from 1975 when it was founded until 2000, leaving the top position to Steve Ballmer who took over to run the company.

The details surrounding their separation and most importantly, the financial implications of their split are not yet clear. Bill Gates owns 1.37% of Microsoft’s outstanding shares, which are worth more than $26 billion, according to FactSet. The couple were creators, along with Warren Buffett, of the Giving Pledge, which involves giving away more than half of their wealth.

Bill Gates and Melinda Gates Splitting After 27 Years

Last year Bill Gates stepped down from Microsoft’s board during a time when the coronavirus had become a serious problem for the world. He began spending more time on the nonprofit Bill and Melinda Gates Foundation alongside Melinda Gates. The two are co-chairs and trustees of the foundation, which launched in 2000.

At one point the couple decided to move $20 billion worth of Microsoft stock to the foundation as they sought to increase their commitment to philanthropy, Bill Gates wrote in a 2019 blog post. Today the foundation has over $51 billion in assets, according to a tax filing.

Bill and Melinda Gates both worked at Microsoft. She had been a marketing manager at the software company. The two met in 1987 and got married in Hawaii in 1994 after Bill Gates had weighed the pros and cons on a blackboard.

Bill Gates is the world’s fourth-richest person, behind Bezos, LVMH’s Bernard Arnault and Tesla’s Elon Musk, according to Forbes.

The announcement comes two years after Jeff Bezos, CEO of Amazon, said he and his wife, MacKenzie, were getting divorced. Bill Gates and Jeff Bezos are among the world’s richest people, and Amazon and Microsoft compete in the cloud computing business.

Amazon said earlier this year that Bezos would be stepping down from his post as CEO and that cloud chief Andy Jassy would replace him.

Source: CNBC

 

Check out: The Best 5 Messaging Apps You Should Have On Your Phone Right Now

Subscribe to our newsletter now and know about the latest hottest music, lyrics, and lugambo of the week!

Bill Gates and Melinda Gates Divorcing After 27 Years 1

Author: Allan Bangirana

Allan Bangirana is a freelance writer for Newslibre & Spur Magazine. He is passionate about tech, games and occasionally writes about entertainment, lifestyle and so much more.

1Shares

Leave a Reply

Your email address will not be published.