Bill and Melinda Gates £105bn divorce settlement could be the most expensive ever
$58.7bn in cash, a collection of Porsches and the small issue of a $131m home – here s a breakdown of the massive Gates settlement
By
Laurence Dodds,
US Technology Reporter,
San Francisco
and
Margi Murphy,
US Technology Reporter,
San Francisco
4 May 2021 • 6:00am
The couple announced their separation on Twitter
Credit: REUTERS
Bill and Melinda Gates’s divorce could become the most expensive in history, as the pair bring in the lawyers to divvy up the Microsoft founder’s gargantuan fortune.
The couple announced on Monday that they would split after nearly 30 years of marriage, saying that they no longer believed they could “grow together” during the “next phase” of their lives.
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Letter To The Editor: Poor Little NM Has An Income Tax – Why? With $28+ Billion In The bank?
Formerly of New Mexico
The latest 2021 budgetary analysis for New Mexico, population 2.06 million, shows an annual state budget (FY 2021) of $7.22 billion, including unspent reserves of some $816 million. These monies were collected from the following 6 main sources: the Gross Receipts Tax, Severance Taxes, Rents & Royalties, Interest Earned, “Other” and Personal & Business Income Taxes.
This last category, the personal & business income tax, contributed some ~23% to the total, and depending upon how lousy tax-year 2020 shakes out, may come in under $1.0 billion collected.
Meanwhile, New Mexico’s State Investment Council (SIC) manages some $28+ billion of unencumbered funds, derived largely from oil & gas royalties, and invested on Wall Street. It is America’s 3rd largest “sovereign wealth fund” (after Alaska & Texas), according to the international Sovereign Wealth Fund Ins