Bill and Melinda Gates Divorce: Could There Be More Than Just Personal Ramifications?

Posing economic concerns regarding one of the world’s most influential charity organizations.

Tech & Gadgets 
23,280 Hypes 36 Comments

Philanthropic power couple, Bill and Melinda Gates have officially announced they would be splitting up after 27 years of marriage. For two decades, the couple has become an unstoppable force in philanthropy and public health, with their contributions affording them access to some of the most exclusive levels of business and government in both for-profit and non-profit sectors. Though the couple has vowed to remain co-chairs and trustees of their foundation, the news sent ripples through multiple industries as concerns about the future of one of the most influential global charities begin to grow and new questions regarding the fate of the Gates fortune arise.

Bill Gates is currently ranked the fourth richest person in the world with an estimated net worth of $130 billion USD. Together, the Gates have invested more than $36 billion USD into the Bill & Melinda Gates Foundation between 1994 and 2018, highlighting various causes worldwide. During the pandemic alone, the Gates’ foundation committed $1.75 billion USD to COVID-19 relief. In total, they have spent over $55 billion USD on global issues in the past two decades.

Due to the immense international reach the foundation has garnered over the years, experts have expressed economic concerns that may stem from the divorce. As Rob Reich, a Stanford University professor, told the New York Times, “The Gates Foundation is the most important and influential philanthropic entity in the world today. The divorce may have huge repercussions for the foundation and for its work across the globe.”

With such a high-profile divorce, many may wonder how the Gates divorce will impact their multiple global ventures. Some comparisons can be drawn regarding the longtail effects of Amazon CEO Jeff Bezos‘ 2019 divorce on his business. The terms of their divorce left Mackenzie Scott with a four percent stake in Amazon, worth more than $38 billion USD. Though the Gates have agreed to an amicable separation, the divorce agreements may also lead to a split of the foundation in two, leading to less intermingling and more autonomy. Just recently, Melinda Gates’ net worth increased to at least $2.4 billion USD after receiving a transfer of securities from Bill’s investment company, Cascade Investment.

The announcement of Bezos’ divorce saw immediate ramifications outside of personal agreements as Amazon’s shares plummetted 0.5 percent the same day. Similar patterns in the market occurred as Microsoft‘s stock saw an evident drop since the divorce announcement on May 3. Over the next two days, the stock dropped more than 0.53 percent, signaling further consequences that may go far beyond the personal wealth of Bill and Melinda Gates.

The splitting of the most quintessential couple in philanthropy raises an abundance of questions about the Gates Foundation, and potentially the future of philanthropy, given their joint influence in humanitarian projects around the globe. Anand Giridharadas cites the Gates’ divorce as a cautionary tale, telling Reuters, “The Gates divorce will do more than upend a family’s life. It will ramify into the worlds of business, education, public health, civil society, philanthropy, and beyond. That is because our society has made the colossal error of allowing wealth to purchase the chance to make quasi-governmental decisions as a private citizen.”

Read Full Article

What to Read Next

Black Butter Records Celebrates 10 Years With Billionaire Boys Club EU Team Varsity Jacket Collab
Fashion

Black Butter Records Celebrates 10 Years With Billionaire Boys Club EU Team Varsity Jacket Collab

Limited to just 100 pieces.

Best New Tracks: MF DOOM x Czarface, J. Cole, Isaiah Rashad x Duke Deuce and More
Music 

Best New Tracks: MF DOOM x Czarface, J. Cole, Isaiah Rashad x Duke Deuce and More

10 music projects to dive into this week.

Season 24 of  the Pokémon Anime Is Officially Debuting This Summer 2021
Entertainment

Season 24 of the Pokémon Anime Is Officially Debuting This Summer 2021

Check out the first-look images of ‘Pokémon Master Journeys: The Series’.

Acne Studios FW21 Collection Explores the Ideals of Kinship
Fashion

Acne Studios FW21 Collection Explores the Ideals of Kinship

Highlighting the brand’s iconic “Face” motif patch in different guises throughout the collection.

Paramount+ Teases New 'Rugrats' CGI Revival Series
Entertainment

Paramount+ Teases New 'Rugrats' CGI Revival Series

“A baby’s gotta do what a baby’s gotta do.”


New Balance Reintroduces Its Amalgamated Made in U.K. 991.5 Silhouette
Footwear

New Balance Reintroduces Its Amalgamated Made in U.K. 991.5 Silhouette

Combining feature from its 991 and 1500.

Citroën's Tiny Electric Ami Cargo Wants to Take on City Couriers
Automotive

Citroën's Tiny Electric Ami Cargo Wants to Take on City Couriers

For just $29 USD a month, you can rent the Ami Cargo and use it to deliver all your parcels around town.

Kotobukiya Drops Exclusive 'Mega Man X' Figure
Design

Kotobukiya Drops Exclusive 'Mega Man X' Figure

Available in two editions.

Six Strands of Kurt Cobain's Hair Goes to Auction
Music

Six Strands of Kurt Cobain's Hair Goes to Auction

Cut by “an early confidant” in 1989.

Playboy and Emotionally Unavailable Link up for a Double Dose of Unrequited Love in Latest Capsule
Fashion

Playboy and Emotionally Unavailable Link up for a Double Dose of Unrequited Love in Latest Capsule

BJ The Chicago Kid highlights the lookbook for the capsule.

More ▾
 
We got you covered. Don’t miss out on the latest news by signing up for our newsletters.

By subscribing, you agree to our Terms of Use and Privacy Policy.
We got you covered. Don’t miss out on the latest news by signing up for our newsletters.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.