Bill Gates’ company gives $1.8BILLION to wife Melinda day after bombshell divorce ending their 27-year marriage
M.L. Nestel
Updated: 6 May 2021, 3:07
Bill Gates gifted $1.8billion in stock to his soon-to-be ex wife Melinda a day after the couple decided to call it quits after 27 years of marriage.
The Microsoft co-founder who is listed as the fourth richest person in the world with an estimated $130billion in assets, posted the joint decision to divorce over his official Twitter account on Monday, citing the fact they “can no longer grow together as a couple.”
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On Monday, Bill Gates posted a formal announcement on his official Twitter account that he and his wife of 27 years, Melinda, were divorcing because they “can no longer grow together as a couple.”Credit: Getty
Bill and Melinda Gates divorce could shake up philanthropy
HALELUYA HADERO and GLENN GAMBOA, AP Business Writers
May 4, 2021
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FILE - In this Feb. 1, 2019, file photo, Bill and Melinda Gates smile at each other during an interview in Kirkland, Wash. The couple announced Monday, May 3, 2021, that they are divorcing. The Microsoft co-founder and his wife, with whom he launched the world s largest charitable foundation, said they would continue to work together at The Bill & Melinda Gates Foundation.Elaine Thompson/AP
As much as Bill and Melinda Gates might want to keep their pending divorce private, the split between the billionaire co-founders of the world’s largest private foundation is sure to have very public consequences, with the breakup having already sent a wave of anxious uncertainty through the worlds of philanthropy and community health.
What Will be The Future of The Gates Charity After The Divorce? Published May 6th, 2021 - 05:33 GMT
Bill and Melinda Gates (Twitter)
Highlights
Through their philanthropic efforts, the Gateses reshaped attitudes about the obligation of the uber-wealthy to leverage their vast fortunes for the public good in enduring ways.
The shock announcement that billionaire philanthropists Bill and Melinda Gates are to divorce after 27 years of marriage has raised questions about the future of their hugely influential charity.
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In a statement after the Gateses announced their divorce on Twitter on Monday, the foundation said the two would remain co-chairs and trustees and that no changes in the organisation were planned.
Washington sues Allianz for excluding mental health coverage
By GENE JOHNSONMay 6, 2021 GMT
SEATTLE (AP) Washington state is suing the travel insurance company Allianz, saying that its policy of excluding mental health issues from coverage is discriminatory.
In a lawsuit filed Thursday, Attorney General Bob Ferguson said the company refused to cover 485 claims from Washington residents from January 2014 to August 2019, including cases where people had to cancel or change travel plans due to an Alzheimer’s diagnosis or due to a family member’s attempted suicide.
Ferguson said that violates state discrimination, insurance and consumer protection laws. Mental health disorders are considered disabilities under state law.