By Staff reporter
Microsoft founder Bill Gates and his philanthropist wife, Melinda have announced they are divorcing after 27 years of marriage.
“After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage.
In a joint statement published on social media on Monday they said: “After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage. Over the last 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.
“We continue to share a belief in that mission and a will continue our work together at the foundation, but we no longer believe we can grow together as a couple in this next phase of our lives. We ask for space and privacy for our family as we begin to navigate this new life.
William Henry Gates III (born October 28, 1955) is an American business magnate, software developer, investor, author, and philanthropist. He is a co-founder of Microsoft Corporation.
Since leaving day-to-day operations at Microsoft, Gates has continued his philanthropy and works on other projects.
According to the Bloomberg Billionaires Index, Gates was the world’s highest-earning billionaire in 2013, as his net worth increased by US$15.8 billion to US$78.5 billion.
As of January 2014, most of Gates’s assets are held in Cascade Investment LLC, an entity through which he owns stakes in numerous businesses, including Four Seasons Hotels and Resorts, and Corbis Corp.
On February 4, 2014, Gates stepped down as chairman of Microsoft to become “technology advisor” at the firm, alongside CEO Satya Nadella.
Gates married Melinda French on a golf course on the Hawaiian island of Lanai on January 1, 1994.
They have three children: Jennifer, Rory and Phoebe.
The family’s residence is an earth-sheltered mansion in the side of a hill overlooking Lake Washington in Medina, Washington.
In 2009, property taxes on the mansion were reported to be US$1.063 million, on a total assessed value of US$147.5 million.
The 66,000-square-foot (6,100 m2) estate has a 60-foot (18 m) swimming pool with an underwater music system, as well as a 2,500-square-foot (230 m2) gym and a 1,000-square-foot (93 m2) dining room.
On May 3rd, 2021, Bill Gates announced via Twitter that he and Melinda Gates were ending their marriage
In 1999, his wealth briefly surpassed US$101 billion.
Since 2000, the nominal value of his Microsoft holdings has declined due to a fall in Microsoft’s stock price after the dot-com bubble burst and the multi-billion dollar donations he has made to his charitable foundations.
In May 2006, Gates remarked that he wished that he were not the richest man in the world because he disliked the attention it brought.
In March 2010, Gates was the second wealthiest person behind Carlos Slim, but regained the top position in 2013, according to the Bloomberg Billionaires List.
Slim retook the position again in June 2014 (but then lost the top position back to Gates).
Between 2009 and 2014, his wealth doubled from US$40 billion to more than US$82 billion.
In October 2017, Gates was surpassed by Amazon founder Jeff Bezos as the richest person in the world.
On November 15, 2019, he once again became the richest person in the world after a 48% increase in Microsoft shares, surpassing Bezos.
Gates told the BBC, “I’ve paid more tax than any individual ever, and gladly so … I’ve paid over $6 billion in taxes.” He is a proponent of higher taxes, particularly for the rich.