Melinda French Gates is stepping down as co-chair of the $75 billion foundation she helped run with her former husband, Bill Gates.
Melinda French Gates arrives for a meeting at the Elysee Palace, amid the New Global Financial Pact Summit in Paris on June 23, 2023.elinda French Gates is stepping down as co-chair of the $75 billion foundation she helped run with her former husband, Bill Gates.
The Bill and Melinda Gates Foundation — to be known as the Gates Foundation once she departs — is one of the biggest private foundations on the planet, with an $8.6 billion budget for 2024. Bill Gates will become its sole chair, the organization said. French Gates has her own charity called Pivotal Ventures, which she started in 2015. By the time the couple divorced, Pivotal had invested hundreds of millions of dollars in more than 150 organizations. It uses grants as well as venture capital to focus on empowering women, including getting more females into technology jobs and elected to public office, and advocating paid family leave.
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