The couple’s relationship was “irretrievably shattered,” according to Melinda French Gates’ divorce suit, which was filed in May.
On Monday morning, the King County court in Washington state authorized Bill and Melinda
Gates’ divorce, formally ending their 27-year marriage.
The couple’s relationship was “irretrievably shattered,” according to Melinda French Gates’ divorcesuit, which was filed in May. The divorce petition, which was finalized on Monday, said that she
would not be changing her name and that she would not be providing any spousal support,
which French Gates claimed was not required for her first application.
The property allocation decisions were described in a separation agreement that was not includedin the divorce ruling issued on Monday.
In a joint statement released in May, Gates, 65, and French Gates, 56, said they no longer “think
we can develop together as a couple in this next period of our lives.”
“We have taken the choice to terminate our marriage after much thinking and hard work on our
relationship,” they stated in a statement. “Over the previous 27 years, we have raised three
beautiful children and established a foundation that works across the world to ensure that
everyone may enjoy a healthy and productive life.”
The couple’s commercial and charity activities may be harmed as a result of the divorce, accordingto reports. Gates is a multibillionaire and one of the world’s wealthiest individuals, having established Microsoft in 1975 and owning 1.3 percent of the company’s stock.
Following their divorce, they announced last month that they had agreed to continue to manage The Gates Foundation jointly. According to the foundation’s financial filings, its assets are worth
approximately $50 billion.
For the last 20 years, it has been regarded as the world’s largest private charitable organization.
According to the pair, if Gates and French Gates feel they can no longer continue in their
responsibilities after two years, French Gates will retire as co-chair and trustee. As part of the deal, Gates would buy her out of the foundation and provide her with finances to
pursue her own humanitarian activity.