Melinda Gates could invest her fortune in these causes 1:19
New York (CNN Business) -
Bill Gates and Melinda French Gates will be given a two-year trial period to see if they can parent their baby, their multi-million dollar charitable foundation.
When the couple announced their divorce two months ago, they said they would both remain as co-chairs of the Gates Foundation, which they founded together more than 20 years ago.
But on Wednesday, the foundation's CEO announced a contingency plan "to ensure the continuity of the foundation's work."
This is what Bill Gates said about their engagement in 1993 1:17
That's a nice way of saying they are aware of a truth with a capital V: that working with your ex is an exceptionally terrible idea.
Now what will happen to Bill and Melinda Gates' huge lakefront house?
Here's the plan: They'll try to run this in parallel for a while, but if they can't stand it, Bill will essentially pay Melinda so she can do her own philanthropic work.
She would receive "personal resources" from her ex-husband, resources that would be "completely separate from the foundation's endowment," said the foundation's CEO.
Bill and Melinda Gates divorce is followed in China 0:39
Because it is important
The Gates Foundation is one of the world's largest charities and has donated more than $ 55 billion, much of the Gates' personal wealth, to a wide range of initiatives related to global health, poverty alleviation. and, more recently, the global rollout of covid-19 vaccines.
But their reputation has come under scrutiny since the couple announced their divorce in May.
Soon after, media reports surfaced about Bill Gates' alleged inappropriate behavior with Microsoft employees decades ago.
And in another blow, Bill's longtime friend Warren Buffett resigned as trustee last month.
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Bill Gates joins the list of divorced billionaires 0:35
Bill Gates Melinda Gates