You have reached the cached page for https://www.bloomberg.com/news/articles/2024-05-13/melinda-french-gates-exits-gates-foundation-with-12-5-billion

Below is a snapshot of the Web page as it appeared on 5/31/2024 (the last time our crawler visited it). This is the version of the page that was used for ranking your search results. The page may have changed since we last cached it. To see what might have changed (without the highlights), go to the current page.

Bing is not responsible for the content of this page.

Melinda French Gates Exits Gates Foundation With $12.5 Billion - Bloomberg

Billionaires:Bloomberg Billionaires Index Asia's Richest Families World’s Richest Families What the 1% Makes Where Would You Feel Richer?China’s Ultra-Rich Gen Zs

Wealth

Melinda French Gates Exits Foundation With $12.5 Billion

She’ll use the money to advance her own charitable priorities
Her ex-husband, Bill Gates, will become group’s sole chair

Melinda GatesPhotographer: Stefani Reynolds/AFP/Getty Images

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE

By Sophie Alexander

May 13, 2024 at 12:31 PM EDT

Updated on

May 13, 2024 at 1:17 PM EDT

Melinda French Gates is stepping down as co-chair of the $75 billion foundation she helped run with her former husband, Bill Gates.

Her last day will be June 7 and she’ll receive an additional $12.5 billion to use for her own charitable purposes as part of an agreement with her ex-husband, French Gates said Monday in a statement.

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE