The Bill And Melinda Gates Divorce is the second most expensive divorce in the world – behind only Jeff and Mackenzie Bezos.
The title “most expensive divorce in history” goes to Jeff Bezos, the founder of Amazon, who split his $ 150 billion fortune with his wife MacKenzie in 2019 after his affair with Lauren Sanchez suffered was exposed.
What are Bill Gates and his wife’s property?
Billionaire Bill Gates co-founded Microsoft in 1975, nearly 20 years before marrying Melinda. The company made $ 1 million in revenue in 1978 and by 1987 he became the youngest billionaire in the world. He also met Melinda that year.
Bill Gates co-founded Microsoft in 1975, nearly 20 years before marrying Melinda. The company made $ 1 million in revenue in 1978 and by 1987 he became the youngest billionaire in the world. He met Melinda that year.
Unlike Bezos, they are all part of The Giving Pledge – a gathering of the richest people in the world, who have vowed to dedicate at least half of their fortune to philanthropy.
In 2000, they founded the Bill and Melinda Gates Foundation – the most influential private fund in value, with assets worth nearly $ 50 billion.
Over the past year, the foundation has focused on the development and distribution of the COVID-19 vaccine around the world. As of December 2020, the Fund has committed a total of $ 1.75 billion to the response to the global pandemic.
In their statement on Monday, the billionaire Bill Gates and his wife said they will continue that work together after the breakup.
The couple met in 1987 while Melinda was working at Microsoft as project manager and sat next to Gates over a business dinner.
Melinda describes the meeting in her 2019 biography The Moment of Lift, writing: “I showed up late, and all the tables were filled except one, which still had two empty chairs side by side. I sat in one of them. A few minutes later, Bill arrived and sat in the other.”
After a year of dating, Gates came up with a list of the pros and cons of getting married.
Bill said in a Netflix documentary about his life: “We cared a lot for each other and there were only two possibilities: either, we were going to break up or we were going to get married.”
They eventually got married on a golf course on the Hawaiian island of Lanai in 1994, and together they welcomed their first child, Jennifer in 1996.
Bill founded Microsoft in 1975 with Paul Allen. He held the position of CEO until 2000 then transitioned to a director role while gradually narrowing his participation to devote more time to philanthropy.
He transitioned from a daily role at Microsoft in 2008 and served as chairman of the board until 2014. Last year, he resigned entirely from the Microsoft board, as well as the board. by Berkshire Hathaway.
Their wealth includes several impressive real estate properties, including their main home in Washington state and real estate in California, Florida, Wyoming, and Massachusetts.
In addition, they also have a private jet and an astonishing art collection. Bill Gates also owns a team of supercars.
Bill owns 1.37% of Microsoft’s outstanding shares, worth more than $ 26 billion, according to CNBC.
Bill Gates’ home near Seattle, Washington. Image credit: Simon Davis/DFID
He left Microsoft’s board in March 2020 but remained a technology advisor to CEO Satya Nadella. He also invests through his private office, Gates Ventures.
In 2015, Melinda Gates founded a new organization called Pivotal Ventures, an independent executive officer. The idea was to allow her to pursue ideas that might not fit the Gates Foundation’s structure.
In 2000, the couple founded the Gates Foundation, which helps some of the world’s poorest people through initiatives such as eradicating polio, reducing the spread of malaria and HIV / AIDS, and investing in sanitation and financing for people without the illness.
They poured their huge sums of money into the Foundation, making it one of the largest charities in the world. Between 1994 and 2018, the pair financed the fund more than $ 36 billion.
In 2010, they founded The Giving Pledge, along with Warren Buffett, and promised to give away the majority of their fortune. However, despite The Giving Pledge and their platform of the same name, Gates still retains plenty of assets that will need to be divided between them.
Among the couple’s properties is their main family home, known as the Xanadu 2.0. The 66,000-square-foot mansion overlooks Lake Washington in Medina, 9 miles away from downtown Seattle, where the Gates Foundation is headquartered. The house is worth 125 million dollars.
Bill Gates writes in his book, The Road Ahead, written from the guesthouse, while the main house is being built.
“I wanted a home that could accommodate complex, changeable technology but in an unobtrusive way that technology is just servants, not bosses of man.”
The house features an indoor-outdoor swimming pool with underwater music and fossil designs on the floor, along with the ancient fossil mark of a palm leaf behind a diving board.
In the five-acre estate, there is a man-made spring for trout and super expensive fish, and a beach with imported sand from the Caribbean.
Inside the seven-bedroom, the 18-bathroom mansion is reportedly an art deco home cinema with seating for 20 and a 1,000 square foot dining room with seating for 24.
For larger gatherings, the 2,300 square foot reception hall can accommodate 150 diners or 200 people for a cocktail party.
The 2,100-square-meter library includes two secret revolving bookcases, one of which has a bar.
A special nook has been built to display one of the Gates’ most treasured assets – a scientific notebook kept by Leonardo da Vinci in the early 1500s, called the Codex.
Gates bought it at an auction in 1994 for $ 30 million.
On the ceiling is engraved with a saying in The Great Gatsby: “He had come a long way to this blue lawn, and his dream must have seemed so close that he could hardly fail to grasp it.”
Gates also owns a $ 59 million ranch in Wellington, Florida – an area famous for horseback riding that will attract his oldest daughter Jennifer, a talented female knight.
Wellington, portrayed by The Real Deal as the world’s winter equestrian capital, is a seasonal playground for the families of several billionaires – Michael Bloomberg, the late Steve Jobs, the Campbell’s Soup family, and others. is famous for having female horse riding contests.
The family also owns Irma Lake Lodge, a 492-acre ranch in Wyoming, worth $ 9 million, named after his eldest daughter when he settled there in 1902.
Gates acquired this property in 2009.
As described by the broker, obtained by Insider, the farm is located adjacent to the Shoshone National Forest and the nearby Washakie Wilderness Area, giving this property a backyard of more than three million acres of Continuous forest and wilderness lands.
In addition to the 15,000-square-meter main house with five bedrooms and three bathrooms, there is also a guesthouse, a caretaker’s house, a dairy cabin, Buffalo Bill stable, and a rustic hut on the middle island Lake Irma.
Perched on a knot is Buffalo Bill’s original three-room hunting cabin – unsuitable for residence and kept as is.
The land is home to moose, mule deer, Bighorn sheep, bears, mountain lions, wolves, lynx, wolves, and lynx.
The couple has two homes in California – one in Del Mar, and another one near San Diego.
Reason for Bill And Melinda Gates Divorce
In 2019, just after her 25th wedding anniversary, Melinda gave a rare interview to The Sunday Times, in which she revealed how Bill struggled to balance work with family.
In her memoir published that same year, Melinda wrote about her struggles as the wife of a public icon and a mother at home with three children.
In the divorce petition, filed with Washington’s Superior Court – King County on Monday, Melinda asked the judge to settle the marriage ‘on the date indicated in our separation contract’. The separation contract was not on file so the date was not clear. In the absence of a pre-divorce agreement, the only agreement related to divorce is the separation contract.
Melinda did not ask for any assistance from Bill Gates but requested a trial date in April 2022. However, the divorce will likely be resolved without a trial.
The petition states that finances related to the couple’s children are covered by the separation agreement. The document was signed by both Bill and Melinda, as well as their attorneys.
Who are Bill and Melinda?
Melinda is the daughter of an aerospace engineer and a housewife – born Melinda Ann French in Dallas, Texas, in 1964 and attended elite Duke University in North Carolina before joining Microsoft in 1987.
Bill also grew up privileged in Seattle, where he was born in 1955. His father was a prominent lawyer and his mother was on the board of financial companies. He quit Harvard to pursue Microsoft in the 1970s.
The couple welcomed their first child together, Jennifer, in 1996, followed by son Rory in 1999 and Phoebe in 2002.