Melinda French Gates Exits Foundation With $12.5 Billion (1)

Melinda French Gates is stepping down as co-chair of the $75 billion foundation she helped run with her former husband, Bill Gates.

Her last day will be June 7 and she’ll receive an additional $12.5 billion to use for her own charitable purposes as part of an agreement with her ex-husband, French Gates said Monday in a statement.

Melinda Gates speaks during the Clinton Global Initiative annual meeting in 2022.

Photographer: Michael Nagle/Bloomberg

“I am taking this step with full confidence the foundation is in strong shape,” French Gates, 59, said in the statement. “The time is right for me to move forward into the next chapter of my philanthropy,” which she added ...