Monday, May 20, 2024

End of an Era: Melinda Gates Resigns from Gates Foundation, Will Start Her Own Concern with $12.5 Billion


Melinda Gates has resigned from the Bill and Melinda Gates Foundation, which will now just be called The Gates Foundation.

Melinda Gates will start her own foundation with a $12.5 billion payout from her ex-husband.

This is huge news in the world of philanthropy but not unexpected since the Gates’s divorce. It’s the end of an era.

Roger Friedman
Roger Friedman
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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