Bill Gates’ Ex-wife Melinda Becomes a Billionaire After Divorce From Husband, She Now Owns New Juicy Shares
- Melinda is now worth billions in US dollars after her divorce from Bill Gates, a man she was married to for 27 years
- Bill transferred some of his holdings to her which are all worth about $5 billion (R71 billion)
- While it is unclear if she will be getting more, one thing is true; the woman is now a whole lot richer
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Following their divorce, Bill Gates and his wife are already sharing their fortune, and Melinda’s wealth in the process has shot up, making her a billionaire.
Forbes reports that the Microsoft founder’s ex-wife got a transfer of $1.8 billion (R25 billion) in Cascade Investment on Monday, May 3, on the same day they made their divorce public to the media.
Source: UGC
With the wealth allocation, the former wife of the tech giant is now richer as Gates’ fortune takes a mild hit.
It should be noted that despite the fall in his wealth, Bill is still the world’s fourth-richest person with a net worth of $128.6 billion (R1.8 trillion) as of the time of writing this report.
Aside from the whopping Cascade Investment fund, Melinda also got 2.94 million shares from the Canadian AutoNation and another 14.1 million from Canadian national Railway Co which are both worth $309 million (R4.4 billion) and $1.5 billion (R21 billion).
Cascade Investment was used by Bill as a management portfolio for his money and the company is based in Kirkland Washington, Money Control reports.
Another thing worth noting is that the Microsoft founder may have transferred some other assets to Melinda, details of which have not been disclosed to the public yet.
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Meanwhile, Briefly News earlier reported that Bill Gates has reportedly hired Charlie T Munger, a 97-year-old American investor who once lost all his money in a divorce settlement and then rebuilt his success, as his divorce lawyer after he and Melinda announced their plans to separate.
Bill and Melinda, who were married for 27 years, reportedly did not have a pre-nuptial agreement in place. This makes their divorce quite tricky since they are worth $130 billion or nearly R1.8 trillion.
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Source: Briefly News
Stefan Mack (Editor) Stefan Mack is an English and history teacher who has broadened his horizons with journalism. He enjoys experiencing the human condition through the world's media. Stefan keeps Briefly News' readers entertained during the weekend. He graduated from the University of KwaZulu-Natal in 2010 with a Bachelor of Education (BEd), majoring in History and English. Stefan has been writing for Briefly News for a number of years and has covered mainstream to human interest articles.
Kelly Lippke (Senior Editor) Kelly Lippke is a copy editor/proofreader who started her career at the Northern-Natal Courier with a BA in Communication Science/Psychology (Unisa, 2007). Kelly has worked for several Caxton publications, including the Highway Mail and Northglen News. Kelly’s unique editing perspective stems from an additional major in Linguistics. Kelly joined Briefly News in 2018 and she has 14 years of experience. Kelly has also passed a set of trainings by Google News Initiative. You can reach her at kelly.lippke@briefly.co.za.
