Melinda Gates Resigns from Gates Foundation, Last Day June 7, Receives $12.5B

May 13, 2024, 04:40 PM

Melinda French Gates has announced her resignation as co-chair of the Bill & Melinda Gates Foundation, effective June 7th, which will be her last day of work. As part of her departure, she will transfer $12.5 billion to fund her own charitable initiatives. This move comes after her divorce from Bill Gates, with whom she co-founded the foundation over two decades ago. The foundation, valued at $75 billion, has been a significant force in global health and gender equality initiatives. Bill Gates acknowledged her critical contributions and instrumental role in the foundation since its inception.