Melinda Gates Steps Down from Gates Foundation

Former co-chair resigns after 23 years, to receive $12.5 billion as per agreement

New Delhi - Melinda Gates, the former wife of Bill Gates and a prominent figure in philanthropy, has decided to resign from her role as co-chair of the Bill & Melinda Gates Foundation. Her resignation, announced after 23 years of service, will be effective from June 7. As per the agreement, Melinda Gates will receive $12.5 billion.

In a statement shared on 'X' platform, Melinda Gates expressed her decision to step down, stating, "After much consideration, I have decided to resign from the Bill & Melinda Gates Foundation. My last day at the foundation will be June 7."

The Bill & Melinda Gates Foundation is renowned for its global philanthropic work and is regarded as one of the world's top non-governmental organizations. Following Melinda Gates' announcement, Bill Gates also took to social media to acknowledge her contributions and express gratitude.

It is worth noting that Bill Gates and Melinda Gates divorced in 2021 after 27 years of marriage. However, they had previously stated their intention to continue working together at the foundation. They had agreed to a trial period until 2023, during which they would assess their ability to work together. If they were unable to do so, they would separate their responsibilities within the foundation.