The Bill and Melinda Gates Foundation, an American private foundation, was established by Bill Gates and his former wife, Melinda French Gates, in 2000.
It is recognized as the second-largest charitable foundation, holding assets worth $69 billion as of 2020.
Melinda French Gates is renowned as a philanthropist, businesswoman, and global advocate for women and girls.
Despite her divorce from Bill Gates in 2021, she remained actively involved in the foundation's charitable endeavors, serving as its co-chair.
However, she recently surprised many by announcing her resignation from the foundation. She shared the following statement on her social media platforms.
Image: Social media
In her statement, Melinda Gates mentioned that she will receive a share of $12.5 billion from the foundation. Netizens are questioning why she should receive such a significant sum.
However, she clarified that the money will be dedicated to continuing charitable endeavors. Her focus remains on supporting women and families through philanthropic efforts.
Melinda Gates has played a pivotal role in leading the organization to become the world's wealthiest charitable foundation.
Through its initiatives, the Gates Foundation aims to address global poverty, inequality, and health disparities.
By providing funding to various projects worldwide, the foundation strives to achieve tangible results in combating poverty, disease, and inequity.
Additionally, it has been instrumental in supporting initiatives aimed at empowering women and promoting the welfare of girls worldwide.
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