Earlier this week, Bill Gates and Melinda French Gates announced their divorce. The same day, Melinda Gates became a billionaire.
Cascade Investment, Bill Gate’s investment vehicle, transferred nearly $ 2.4 billion in securities to Melinda Gates on Monday. The next day, his net worth dropped slightly, from $ 130.4 billion to $ 128.1 billion, according to Forbes. However, Bill Gates maintained his status as the fourth richest person in the world.
He falls behind Jeff Bezos ($ 177 billion), Elon Musk ($ 157 billion) and Bernard Arnault and his family ($ 150 billion).
Melinda Gates received 2.94 million shares of AutoNation and 14.1 million shares of Canadian National Railway Company, according to Forbes. AutoNation is worth $ 309 million and the Canadian National Railway Company is worth about $ 1.5 billion.
Melinda Gates also received 25.8 million shares of Mexican company Coca-Cola Femsa – worth $ 120 million – and 155.4 million shares of Mexican broadcaster Grupo Televisa SA – worth of $ 386 million.
The divorce:Bill and Melinda’s 27-year marriage
Two historic divorces:Bill and Melinda Gates and Jeff and MacKenzie Bezos
Until 2000, Bill was the CEO of Microsoft, and he then stepped down from his day-to-day role with the company in 2008. Until 2014, he served as chairman of the board and announced the last year he retired to focus on philanthropy.
In 2000, the couple founded the Bill & Melinda Gates Foundation, a nonprofit that has spent more than $ 53 billion since its inception to fight poverty and inequality around the world, according to the website of the foundation.
Melinda Gates, who was a product manager at Microsoft, met Bill Gates at a business dinner in New York. They married in Hawaii in 1994.
The couple’s divorce petitions show they have asked a Washington state judge to divide their assets based on the terms of a separation contract, usually issued when the spouses live apart but have not yet divorced , according to Forbes.
Terms of the contract were not disclosed.
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