Melinda Gates announced that she is leaving the charitable foundation she created with her ex-husband Bill Gates: how much money will she get

Melinda French Gates will step down as co-chair of the Bill & Melinda Gates Foundation (Reuters/Elizabeth Frantz/File Photo)

Melinda French Gates She will leave her position as co-chair of the party Bill & Melinda Gates Foundationthe non-profit organization that she and her ex-husband Bill Gates It was founded and has grown into one of the world’s largest charitable organizations over the past 20 years.

“This is not a decision I have taken lightly,” French Gates posted on X on Monday. “I am so proud of the foundation that Bill and I have created together and the extraordinary work it is doing to address inequality around the world.”

He praised the Executive Director of the Foundation, Mark SuzmanAnd to the foundation’s board of directors, which was significantly expanded after the couple announced their divorce in May 2021.

“The time is right to move forward into the next chapter of my philanthropy,” French Gates wrote in his statement. He arranges some of his investments and charitable giving through his organization Pivotal Ventures, which is not a nonprofit.

Bill Gates thanked French Gates for her “critical” contributions to the institutions, saying: “I am sorry to see her go, but I am sure that she will have a great impact on their charitable work in the future.”

French Gates had previously vowed to resign if either of them decided they could no longer work together.

You will receive French gates $12.5 billion as part of his deal with the Jetsof which she said she would be committed to future work focused on women and families.

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Suzman announced the decision to employees on Monday, the foundation said in an email statement.

“After a difficult few years of watching women’s rights decline in the United States and around the world, she wants to use this next chapter to focus specifically on changing that trajectory,” Suzman said of French Gates.

Suzman said she knows many have joined the foundation in part because they admire its advocacy, especially regarding gender equality.

“I know how much Melinda is loved here,” Suzman wrote.

French Gates will receive $12.5 billion as part of its agreement (Reuters/Lindsay Wasson/File Photo)

French Gates, who divorced the Microsoft co-founder in 2021, said in a statement on Channel June 7 To move “to the next episode” of her philanthropic activity, she suggested it focus on women’s rights.

“This is a critical moment for women and girls in the United States and around the world, and those fighting to protect and promote equality need urgent support,” said the former Microsoft executive, who said in 2022 that she would stop giving away most of her money. Her fortune is donated to the Gates Foundation.

French Gates had previously vowed to resign if either of them decided they could no longer work together.

The businesswoman added: “Under the terms of my agreement with Bell, after leaving the Foundation, I will have an additional $12.5 billion to provide for my work on behalf of women and families.”

The Gates Foundation $75.2 billion in endowment Until December 2023, and announced in January that it plans to spend $8.6 billion over the course of its work in 2024.

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(With information from AP and EFE)

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