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Politics

Melinda Gates to leave Gates Foundation, keeps $12.5 billion for her work – Times of India

LOS ANGELES: Philanthropist Melinda French Gates announced Monday she was leaving the nonprofit foundation she established with her ex-husband Bill Gates -- an organization that has become one of the most influential in the world.The announcement from the 59-year-old French Gates comes three years after her divorce from the 68-year-old Microsoft co-founder.Under the agreement between the former power couple, French Gates -- whose resignation will take effect on June 7 -- will receive $12.5 billion for use on her philanthropic efforts "on behalf of women and families.""After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation," French Gates wrote in a statement posted on social media."This is a critical moment for w...