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Melinda Gates Resigns June 7, Shifts $12.5B from $75B Foundation

May 13, 2024, 04:28 PM

Melinda French Gates has announced her resignation as co-chair of the Bill & Melinda Gates Foundation, effective June 7th. She will be transferring $12.5 billion to a new foundation which she will control as part of her agreement with her now ex-husband, Bill Gates. This decision marks a significant shift in her career, allowing her to pursue her own philanthropic endeavors. The foundation, known for its extensive work in global health and gender equality, was co-founded by Melinda and Bill Gates, who have both played critical roles in its development of the $75 billion foundation.