Everything to know about the Bill & Melinda Gates Foundation

0
Bill and Melinda Gates brace the rain as they visit the township of Khayelitsha on October 25, 2019 in Cape Town, South Africa.

Despite their surprise divorce announcement on Monday, Bill and Melinda Gates say they will continue to work together on their charitable foundation — which has spent nearly $2 billion alone on the fight against coronavirus.

Since its inception in 2000, the Bill & Melinda Gates Foundation has grown into possibly the largest and most influential private philanthropic organization in the world.

“Bill and Melinda will remain co-chairs and trustees of the Bill & Melinda Gates Foundation,” the organization said in a statement.

“No changes to their roles or the organization are planned. They will continue to work together to shape and approve foundation strategies, advocate for the foundation’s issues, and set the organization’s overall direction. “

With an endowment worth nearly $50 billion, the nonprofit charity aims to improve healthcare and reduce extreme poverty around the globe, while domestically working to expand educational opportunities and access to technology.

Both Bill, 65, and Melinda, 56, — along with fellow multibillionaire Warren Buffett — serve as trustees for the Seattle-based foundation, which is led by CEO Mark Suzman.

Bill and Melinda Gates brace the rain as they visit the township of Khayelitsha on October 25, 2019 in Cape Town, South Africa.
Brenton Geach/Gallo Images via Getty Images

Over the years, the organization has handed out billions in grant money for research and advocacy work, while also focusing on issues such as climate change and gender equality.

It spent at least $1.75 billion to combat the coronavirus pandemic, with funds going to aid some vaccines makers, diagnostics as well as potential treatments.

U.N. Secretary General Ban Ki-moon, right, meets with Bill and Melinda Gates, at U.N. Headquarters
Then-U.N. Secretary General Ban Ki-moon meets with Bill and Melinda Gates at U.N. Headquarters on Sept. 25, 2013.
AP Photo/David Karp

In 2008, Bill — who is worth an estimated $130 billion — left his day-to-day role at Microsoft, the company he co-founded, to devote more time to the foundation.

Also Read:  Francis Ngannou Says He Wants To Box Tyson Fury, Boxing's My 1st Love

He officially stepped down from Microsoft’s board last year to focus on philanthropy.

U2 singer Bono, Microsoft founder and Co-Chairman of the Bill & Melinda Gates Foundation Bill Gates and French President Emmanuel Macron attend the announcement of the final amount raised for the Global Fund to Fight HIV, Tuberculosis and Malaria on october 10, 2019,
Bono, Bill Gates and French President Emmanuel Macron attend the announcement of the final amount raised for the Global Fund to Fight HIV, Tuberculosis and Malaria on October 10, 2019.
LUDOVIC MARIN/AFP via Getty Images

Both the Gateses and Buffett, their close friend, have donated billions to the foundation over the years.

The power couple, who are splitting up after 27 years of marriage, said in a statement that they would “continue our work together at the foundation” despite their separation.

Bill Gates (L), and India's Minister of Agriculture and Farmers Welfare, Narendra Singh Tonmar, look on during the inauguration of the 8th International Conference on Agriculture Statistics in New Delhi on November 18, 2019.
Bill Gates, and India’s Minister of Agriculture and Farmers Welfare, Narendra Singh Tonmar, look on during the inauguration of the 8th International Conference on Agriculture Statistics in New Delhi on November 18, 2019.
MONEY SHARMA/AFP via Getty Images

“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,” the pair said.

“We continue to share a belief in that mission and 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.”

Bill and Melinda Gates
Bill and Melinda Gates said they would continue to work together at The Bill & Melinda Gates Foundation.
AP Photo/Elaine Thompson, File



Also Read: Hollywood News | Latest World News | Latest Dubai News

News Source

Leave a reply

Please enter your comment!
Please enter your name here