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Melinda French Gates no longer plans to give most of wealth to Gates Foundation, WSJ reports -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO Melinda Gates (Co-Chair, Bill and Melinda Gates Foundation) attends the Opening Ceremony of Generation Equality Forum at Louvre Carrousel, Paris, France on June 30, 2021. REUTERS/Gonzalo Fuentes/File Photo

(Reuters] – Melinda French Gates no longer pledges to give most of her wealth the charity foundation she co-founded along with her ex-husband. She will disburse these funds instead among other philanthropies.

According to the newspaper, the Texas-raised, computer scientist, aged 57, made the changes in late 2021 through her first personal pledge letter.

This move comes after her last-year divorce. Microsoft Corp (NASDAQ:) co-founder Bill Gates.

The couple had pledged in 2010 to give the bulk of their fortune to the Bill & Melinda Gates Foundation, which was founded in 2000 and spent $55 billion in its first two decades, with a focus on combating poverty, inequity and disease.

A request for comment was not answered by the foundation immediately.

French Gates’ pledge letter to her creditors stated that “I see the absurdity of wealth so concentrated in the hands one person” and added, The Wall Street Journal reported.

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