How would the divorce of Bill and Melinda Gates affect philanthropy?
The couple, considered one of the most important in the world of philanthropy, created an initiative called The Giving Pledge, which encourages billionaires to donate part of their wealth to charities.
After 27 years of marriage, Bill and Melinda Gates announced their divorce on Twitter, but the couple will continue to work together at the Bill & Melinda Gates Foundation, created in 2000, which makes donations to charitable causes, recently pledging $ 100 million to help to the fight against covid-19. The couple, considered one of the most important in the world of philanthropy, also created an initiative called The Giving Pledge, which encourages billionaires to donate part of their wealth to charities. We recommend: Bill and Melinda Gates announce their divorce after 27 years of marriage; They will maintain their foundation With the divorce it is not known how the properties and fortunes of billionaires, such as the investment fund Cascade Investment, which invests in other companies to improve business economic growth and expand elsewhere, will be divided. In Mexico, for example, it has invested in the Mexican Economic Development (Femsa) to support industries such as beverages, commerce and restaurants. Microsoft shares fall After the news, Microsoft shares fell 0.13 percent on Nasdaq when trading 251.86 dollars, while on the Mexican Stock Exchange (BMV), 0.26 percent when reaching 5,075 pesos per share . Although, in Mexico the shares of the technology giant had already reported a more significant drop in recent days, since on April 29 they reached 5,011 pesos.
Nor is the continuation of their philanthropic work certain, it is likely that it will have an impact on public health, which is where they dedicated most of the resources. It should be noted that the couple transferred $ 20 billion of Microsoft shares to their foundation, which is the largest private charitable organization in the world.
— Bill Gates (@BillGates) May 3, 2021
To date, the Bill & Melinda Gates Foundation has invested $ 53.8 billion, according to its website.
