Bill and Melinda Gates (l-r), graphic element on gray. (via The Associated Press)
By Sally Ho
Bill and Melinda Gates announced Monday that they are divorcing.
The Microsoft co-founder and his wife, who launched the world’s largest charitable foundation, said they would continue to work together at the Bill & Melinda Gates Foundation.
In identical tweets, they said they had made the decision to end their marriage of 27 years.
“We have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives,” they said in a statement. “We ask for space and privacy for our family as we begin to navigate this new life.”
In her 2019 memoir, “The Moment of Lift,” Melinda Gates wrote about her childhood, life and private struggles as the wife of a public icon and stay-at-home mom with three kids. She won Gates’ heart after meeting at a work dinner, sharing a mutual love of puzzles and beating him at a math game.
The couple's sprawling Seattle-based foundation is easily the most influential private foundation in the world, with an endowment worth nearly $50 billion. It has focused on global health and development and U.S. education issues since incorporating in 2000.
The couple were married in 1994 in Hawaii. They met after she began working at Microsoft as a product manager in 1987.
Last year, Bill Gates, formerly the world's richest person, said he was stepping down from Microsoft's board to focus on philanthropy.
Gates was Microsoft’s CEO until 2000 and since then has gradually scaled back his involvement in the company he started with Paul Allen in 1975. He transitioned out of a day-to-day role in Microsoft in 2008 and served as chairman of the board until 2014.
The Gateses will be the second high-profile Seattle-area billionaire couple to end their marriage in recent years.
Amazon CEO Jeff Bezos and MacKenzie Bezos finalized their divorce in 2019. MacKenzie Scott has since remarried and now focuses on her own philanthropy. She received a 4% stake in Amazon, worth more than $36 billion.
Updated on May 3, 2021, at 5:41 p.m. ET with the latest details.
Low-value imports are losing their duty-free status in the U.S. this week as part of President Donald Trump's agenda for making the nation less dependent on foreign goods. A widely used customs exemption for international shipments worth $800 or less is set to end starting on Friday. Trump already ended the “de minimis” rule for inexpensive items sent from China and Hong Kong, but having to pay import taxes on small parcels from everywhere else likely will be a big change for some small businesses and online shoppers. Purchases that previously entered the U.S. without needing to clear customs will be subject to the origin country’s tariff rate, which can range from 10% to 50%.
Southwest Airlines will soon require plus-size travelers to pay for an extra seat in advance if they can't fit within the armrests of one seat. This change is part of several updates the airline is making. The new rule starts on Jan. 27, the same day Southwest begins assigning seats. Currently, plus-size passengers can pay for an extra seat in advance and later get a refund, or request a free extra seat at the airport. Under the new policy, refunds are still possible but not guaranteed. Southwest said in a statement it is updating policies to prepare for assigned seating next year.
Cracker Barrel is sticking with its new logo. For now. But the chain is also apologizing to fans who were angered when the change was announced last week.
Elon Musk on Monday targeted Apple and OpenAI in an antitrust lawsuit alleging that the iPhone maker and the ChatGPT maker are teaming up to thwart competition in artificial intelligence.
Hear from Gabino & Stephen Roche on Saphyre’s institutional AI platform that centralizes pre‑ and post‑trade data, redefining settlement speed and accuracy.
Elon Musk’s X has reached a tentative settlement with former employees of the company then known as Twitter who’d sued for $500 million in severance pay.
