In a monumental move within the philanthropic world, Microsoft co-founder Bill Gates has transferred close to $8 billion to his former spouse, Melinda French Gates, specifically for charitable endeavours. This colossal injection of funds instantly propels her foundation into the ranks of the globe's largest non-profit organisations.
The Divorce and Philanthropic Uncoupling
The power couple, who were married for 27 years, publicly announced their divorce in May 2021. Their separation extended beyond personal life into their joint philanthropic work. Subsequently, in May 2024, French Gates declared she would step down from her role as co-chair of the renowned Gates Foundation.
Upon her departure, she stated on social media platform X that, under her agreement with Bill Gates, she would receive an additional $12.5 billion to dedicate to her advocacy for women and families. The Gates Foundation itself has disbursed a staggering $53.8 billion since the year 2000, focusing on global health, education, gender equality, and development.
Where the $8 Billion Donation is Headed
The recent $7.88 billion donation, made in 2024 and revealed in a tax filing reviewed by The New York Times, forms a significant part of that $12.5 billion commitment. A spokesperson for French Gates's organisation confirmed the total pledge has now been fulfilled.
The majority of this vast sum has been allocated to the Pivotal Philanthropies Foundation. This non-profit was established in 2022 under the broader Pivotal umbrella, an entity French Gates founded back in 2015 with a mission to accelerate social progress for women and young people worldwide.
It remains publicly unclear where the remaining $4.62 billion of the $12.5 billion has been directed. Separately, French Gates has personally committed $2 billion to initiatives aimed at expanding women's power and influence.
Financial Impact and Lasting Legacy
This transaction represents one of the largest charitable transfers in history. Prior to the donation being reported, Bill Gates's net worth was listed at $118 billion on the Bloomberg Billionaires Index. Melinda French Gates's own net worth is estimated by Forbes to be $29.4 billion, with her divorce settlement believed to be worth around $25 billion.
The move solidifies the separate philanthropic paths of two of the world's most influential donors. While the Gates Foundation continues its wide-ranging work, Melinda French Gates's newly fortified Pivotal Philanthropies Foundation is poised to become a dominant force specifically in advancing gender equality and family support on a global scale.
