Melinda French Gates Will Pivot $11.4 Billion Fortune Away from Foundation [View all]
Source: Bloomberg
(Bloomberg) -- Melinda French Gates will increasingly give away her fortune through philanthropies other than the $50 billion Gates Foundation.
French Gates, 57, intends to spread her wealth across philanthropic endeavors, rather than pledging to give the bulk of it to the Gates Foundation, Dow Jones reported, citing people familiar with the matter.
She and Bill Gates, 66, described their individual plans for donating their fortunes in letters posted online in November, almost seven months after announcing their divorce. French Gates has been building up her own philanthropic investment firm Pivotal Ventures, which was started in 2015 with a focus on implementing “innovative solutions to problems affecting U.S. women and families.”
She is worth $11.4 billion, according to the Bloomberg Billionaires Index. Gates has the world’s fourth-highest net worth, at $130 billion.
Read more: https://www.msn.com/en-us/money/other/melinda-french-gates-will-pivot-dollar114-billion-fortune-away-from-foundation/ar-AATp0gt
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