Bill Gates Transfers $1.8B Worth Of Stocks To Estranged Wife Melinda

BY Erika Marie 4.6K Views
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Bill Gates, Melinda Gates, Stocks, Shares, Billion
This is shaping up to be a drama-free & amicable billion-dollar divorce.

Another billion-dollar divorce has shaken up social media. For nearly a year, we've been hit with news about Dr. Dre and his estranged wife Nicole Young's scathing accusations in their high-profile divorce, but attention has been diverted with the reports of Bill and Melinda Gates's split. The couple has been married for 27 years and decided that this is the time to dissolve their union.

Gates made a statement online that read, "Over the last 27 years, 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."

Brian Ach / Stringer / Getty Images

"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 the next phase of our lives," he added. "We ask for space and privacy for our family as we begin to navigate this new life." It has been reported that Melinda will not be seeking spousal support in the divorce, and now TMZ has shared that Microsoft's co-founder made a big-money move for his estranged wife.

The former couple is reportedly working out how to divide their properties and Gates is said to have transferred $1.8 billion worth of shares to Melinda on the day they announced their divorce. "Bill's investment firm, Cascade Investment LLC, sent Melinda more than 14 million shares of Canadian National Railway Co. and more than 2.9 million shares of AutoNation Inc," reports TMZ.

People were up in arms after learning that the Gates' didn't sign a prenuptial agreement, but it's reported that prior to filing for divorce, the couple did sign off on a separation agreement. It seems that this divorce will be amicable.

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About The Author
Since 2019, Erika Marie has worked as a journalist for HotNewHipHop, covering music, film, television, art, fashion, politics, and all things regarding entertainment. With 20 years in the industry under her belt, Erika Marie moved from a writer on the graveyard shift at HNHH to becoming a Features Editor, highlighting long-form content and interviews with some of Hip Hop’s biggest stars. She has had the pleasure of sitting down with artists and personalities like DJ Jazzy Jeff, Salt ’N Pepa, Nick Cannon, Rah Digga, Rakim, Rapsody, Ari Lennox, Jacquees, Roxanne Shante, Yo-Yo, Sean Paul, Raven Symoné, Queen Naija, Ryan Destiny, DreamDoll, DaniLeigh, Sean Kingston, Reginae Carter, Jason Lee, Kamaiyah, Rome Flynn, Zonnique, Fantasia, and Just Blaze—just to name a few. In addition to one-on-one chats with influential public figures, Erika Marie also covers content connected to the culture. She’s attended and covered the BET Awards as well as private listening parties, the Rolling Loud festival, and other events that emphasize established and rising talents. Detroit-born and Long Beach (CA)-raised, Erika Marie has eclectic music taste that often helps direct the interests she focuses on here at HNHH. She finds it necessary to report on cultural conversations with respect and honor those on the mic and the hardworking teams that help get them there. Moreover, as an advocate for women, Erika Marie pays particular attention to the impact of femcees. She sits down with rising rappers for HNHH—like Big Jade, Kali, Rubi Rose, Armani Caesar, Amy Luciani, and Omerettà—to gain their perspectives on a fast-paced industry.

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