LOS ANGELES: Philanthropist Melinda French Gates announced Monday she was leaving the nonprofit foundation she established with her ex-husband Bill Gates — an organization that has become one of the most influential in the world.
The announcement from the 59-year-old French Gates comes three years after her divorce from the 68-year-old Microsoft co-founder.
Under the agreement between the former power couple, French Gates — whose resignation will take effect on June 7 — will receive $12.5 billion for use on her philanthropic efforts “on behalf of women and families.”