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The only constant in life is change — even for a billionaire like Melinda French Gates. "I think a lot lately about transitions," French Gates, 59, said during a commencement speech at Stanford University on Sunday. Practice 'radical open-heartedness'Embrace moments of change — whether they're exciting, frustrating or tragic — with an open heart, French Gates advised. Many people prefer to keep their head down and power through the uncertainty, French Gates noted — including herself, when she was younger. And like the big wave, I thought things were coming to an end for me," French Gates continued.
Persons: Melinda French Gates, Gates, Melinda Gates, Bill Gates, who's, , Kevin Antshel, Ram Dass, Charlotte Organizations: Stanford University, Microsoft, Melinda Gates Foundation, CNBC
Melinda French Gates is excited about her new lifestyle post-divorce from Bill Gates. French Gates told Time that she loves walking to local spots in her neighborhood. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMelinda French Gates is loving her new neighborhood. French Gates reportedly found just that in the house she's been living in as a divorcée.
Persons: Melinda French Gates, Bill Gates, Gates, , French Gates Organizations: Service, Business Locations: Seattle
New York CNN —Friday marks the last day of Melinda French Gates’ more than two-decade run as the co-chair of the Bill & Melinda Gates Foundation she ran with her ex-husband. Bill Gates and French Gates announced their divorce in May 2021. As part of her separation agreement from former husband Bill, French Gates said she will receive an additional $12.5 billion for her charitable work. French Gates said she will donate $1 billion through 2026 to advance women’s rights around the world through her organization, Pivotal Ventures. That will include $200 million in grants to organizations that are fighting for women’s reproductive rights.
Persons: Melinda French Gates, Melinda Gates, , , French Gates, Bill Gates, Gates, Bill, Dobbs, ” – CNN’s David Goldman Organizations: New, New York CNN, Melinda Gates Foundation, New York Times Locations: New York
And it’s a style that Melinda French Gates appears to be emulating, at least partly, in her newly solo philanthropic venture. Now independent of that organization, French Gates is free to take bets on organizations and communities regardless of their size or ability to demonstrate their impact. Scott and French Gates’ ex husbands, meanwhile, aren’t getting as many kudos for their charitable work as they might like. Gates, with a net worth of $154 billion, has also faced criticism for the Gates Foundation’s methods. “That can’t happen through the Gates Foundation’s father-knows-best, look-at-me brand of bureaucratic philanthropy.”
Persons: CNN Business ’, New York CNN —, Ivana Trump, Don’t, MacKenzie Scott, Jeff Bezos, Melinda French Gates, Gates, Bill Gates, “ I’m, Scott, it’s, ” Amir Pasic, Indiana University Lilly, ” That’s, ” Pasic, , Gates ’, aren’t, Bezos, hadn’t, Tim Schwab, Organizations: CNN Business, New York CNN, Club, New York Times, Indiana University, Indiana University Lilly Family School of Philanthropy, Women’s, Gates, CNN, Bloomberg Locations: New York, Maui, Bezos, Gates, Nation
But this is the global system we do have and, within it, some billionaires are behaving much more generously and ethically than others. Melinda French Gates is one of the good ones. French Gates has long been an advocate for family planning and women’s rights abroad, and now she’s dedicating $1 billion through 2026 to those issues. Female billionaires, in other words, are far more likely than male ones to give away substantial portions of their wealth. So yes, we can applaud the good billionaires who give their wealth away, even if we think that they are representative of a bigger inequality problem.
Persons: Jill Filipovic, , Melinda French Gates, French Gates, it’s, She’s, Gates, MacKenzie Scott, Jeff Bezos, Scott, Forbes, Elon Musk, Larry Ellison, Warren Buffett, Larry Page, Ellison, Page, Buffett, Donald Trump’s, Sam Altman, Bill Gates, Scarlett Johansson, that’s, George Soros, doesn’t Organizations: Twitter, CNN, Gates Foundation, The New York Times, Forbes ’, Forbes, Elon, Facebook Locations: New York, United States, French, The, New Zealand, There’s
That’s why, next week, I will leave the Bill & Melinda Gates Foundation, of which I was a co-founder almost 25 years ago, to open a new chapter in my philanthropy. The second the global agenda gets crowded, women and girls fall off. Decades of research on economics, well-being and governance make it clear that investing in women and girls benefits everyone. We know that economies with women’s full participation have more room to grow. That reducing the time women spend in poor health could add as much as $1 trillion to the global economy by 2040.
Persons: ” I’ve, Melinda Gates, it’s Organizations: Melinda Gates Foundation Locations: United States
New York CNN —OpenAI CEO Sam Altman and his husband have become the newest billionaires to sign the Giving Pledge, a charity that encourages the ultra-rich to donate their wealth to philanthropic causes. Bloomberg reports that Altman is worth at least $2 billion, with much of his wealth drawn from startup investments, including a sizable investment in Reddit. The pledge isn’t a legally binding contract, but more of a moral commitment. She recently resigned from the Bill & Melinda Gates Foundation earlier this month following her divorce from Bill. As part of her divorce agreement, she received $12.5 billion from the Gates Foundation for her work upon her resignation.
Persons: Sam Altman, Altman, Oliver Mulherin, Warren Buffett, Melinda French Gates, Gates, Melinda Gates, Bill Organizations: New, New York CNN, Bloomberg, Melinda Gates Foundation, Gates Foundation Locations: New York, Reddit, OpenAI
French Gates said she will donate $1 billion through 2026 to advance women’s rights around the world through her organization, Pivotal Ventures. French Gates will also give $250 million in awards to organizations working to help improve women’s mental and physical health. “I’m also experimenting with novel tactics to bring a wider range of perspectives into philanthropy,” French Gates wrote in her op-ed. In her op-ed, French Gates said she was once told to set her own agenda before someone else sets it — and that’s why she chose to leave the Gates Foundation. Just 2% of donations in the United States go to organizations focused on women and girls, French Gates noted.
Persons: Melinda French Gates, Dobbs, Gates, Melinda Gates, MacKenzie Scott, French Gates, Scott, “ I’m, Jacinda Ardern, Allyson Felix, Shabana Basij, Organizations: New, New York CNN, New York Times, Melinda Gates Foundation, Gates Foundation, New Zealand Locations: New York, United States
Melinda French Gates further explained her decision to leave the foundation she started with Bill Gates. In an op-ed in The New York Times, she said she's leaving to focus her philanthropy on women and girls. AdvertisementMelinda French Gates is speaking out about her upcoming departure from the philanthropic foundation she cofounded with her now ex-husband Bill Gates. She explained her decision in an op-ed in The New York Times published Tuesday. "That's why, next week, I will leave the Bill & Melinda Gates Foundation, of which I was a co-founder almost 25 years ago, to open a new chapter in my philanthropy."
Persons: Melinda French Gates, Bill Gates, Gates, , I've, Melinda Gates Organizations: The New York Times, Service, Melinda Gates Foundation
State dinners are best known as bear hugs for overseas allies, and Thursday’s honoree was Kenya. But the sixth state dinner of President Biden’s term was designed to clutch domestic allies — not the least of them Mr. Obama, whose father was Kenyan — even tighter as the president makes the long slog toward November. The list included President William Ruto of Kenya and his wife, Rachel, along with three of his daughters. “We share a strong respect for the history that connects us together,” Mr. Biden said to his guests during a toast. The lineup included elected officials in several battleground states, influential Black political operatives, and powerful philanthropists, like Melinda French Gates.
Persons: Barack Obama, Biden’s, , Obama, William Ruto, Rachel, James Mwangi, ” Mr, Biden, Jimmy Carter, Melinda French Gates Organizations: White, Equity Group Holdings Locations: Kenya, Kenyan
In pictures: Microsoft co-founder Bill Gates
  + stars: | 2024-05-15 | by ( ) edition.cnn.com   time to read: +1 min
Bill Gates helped usher in a personal computing revolution that brought computers to the masses. The Seattle native dropped out of Harvard University and co-founded Microsoft in 1975. After holding a number of leading roles at the company he co-founded, Gates eventually left his day job at Microsoft in 2008 to focus full time on his philanthropic organization, The Bill & Melinda Gates Foundation. Gates' philanthropic endeavors have garnered global acclaim: In 2005, Gates was knighted by Britain's Queen Elizabeth II, and in 2016 he and his wife received the Presidential Medal of Freedom from Barack Obama. In 2021, Bill and Melinda French Gates announced they were ending their marriage after 27 years.
Persons: Bill Gates, Gates, Melinda Gates, Queen Elizabeth II, Barack Obama, Melinda French Gates Organizations: Seattle, Harvard University, Microsoft, Forbes, Melinda Gates Foundation
In today's big story, everyone's talking — literally — about the big update for OpenAI's ChatGPT that could make your job a lot easier . AdvertisementOpenAI may have finally cracked the code on voice interactions with AI, though. OpenAI says GPT-4o's average response to audio inputs is 320 milliseconds, which is on par with a typical human-to-human conversation. "They've essentially made text input almost be the barbaric form of communicating with ChatGPT (or any AI) now," the developer said. ChatGPT, Tyler Le/BIOpenAI's big reveal shows the shockwaves the startup keeps sending through the tech world.
Persons: , Here's, ChatGPT Holger Scheibe, Tyler Le, OpenAI, Alex Bitter, They've, ChatGPT, Katie Notopoulos, Siri, it's, Apple that's, Andrew Burton, Justin Sullivan, Rebecca Zisser, Tim Cook's, Tesla, Mark Zuckerberg, he's, Nathan Congleton, Melinda, Gates, French Gates, she'd, Melinda Gates, Bill Gates, Doug McMillon, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Teen, Business, HAL, Hollywood, Apple, Apple's Worldwide, Conference, GPT, Google, Microsoft, Washington, Getty, Tesla, Melinda Gates Foundation, University of Arkansas, Depot, Sony, Disney, Cannes Locations: NBCU, New York, London
CNN —On Monday, Melinda French Gates announced her resignation from the Bill and Melinda Gates Foundation, officially ending one of the world’s leading philanthropic partnerships. In French Gates’ 2008 Fortune profile, Buffett said French Gates helped focus the foundation’s mission. In addition to French Gates, Gates and Buffett, The Giving Pledge counts billionaires like Mark Zuckerberg, Elon Musk and MacKenzie Scott as signatories. French Gates has a net worth of $13.3 billion, according to the Bloomberg Billionaires Index, while Bill Gates’ net worth is $153 billion. French Gates’ departure from the Bill and Melinda Gates Foundation has been hinted at since the couple announced their divorce in May 2021.
Persons: Melinda French Gates, Melinda Gates, Gates, Bill Gates, Melinda Gates ’, Warren Buffett, Buffett, ” Buffett, Mark Zuckerberg, Elon Musk, MacKenzie Scott, , French Gates Organizations: CNN, Melinda Gates Foundation, Microsoft, Duke University, Fortune Magazine, Gates Library Foundation, Berkshire Hathaway, Bloomberg, Rutgers ’ Center, American Women Locations: United States, Fortune, , Gates, French, Politics
Melinda French Gates to resign from Gates Foundation
  + stars: | 2024-05-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMelinda French Gates to resign from Gates FoundationContessa Brewer joins CNBC's 'Halftime Report' to report on Melinda Gates' plans to leave her role at the Gates Foundation.
Persons: Melinda French Gates, Gates Foundation Contessa Brewer, CNBC's, Melinda Gates Organizations: Gates Foundation
Melinda French Gates, one of the world’s most influential philanthropists and the ex-wife of Microsoft co-founder Bill Gates, announced Monday that she was resigning from the foundation that she and her husband founded. In a post on X, Ms. Gates said she was “immensely proud” of the work of the Bill and Melinda Gates Foundation, which she and Bill Gates started in 2000. As one of the biggest donors at the World Health Organization, it exerts a considerable level of influence over the policies in developing countries, especially in health and education. Mr. and Ms. Gates announced their plans to divorce in May 2021, after 27 years of marriage. The foundation at the time said they would remain co-chairs of the organization.
Persons: Melinda French Gates, Bill Gates, Gates, Melinda Gates Organizations: Microsoft, Melinda Gates Foundation, World Health Organization
Melinda French Gates announced she's resigning as co-chair of the Bill & Melinda Gates Foundation. Advertisement"The time is right for me to move forward into the next chapter of my philanthropy," she wrote in a statement on X. She added that she'll have "an additional $12.5 billion to commit to my work on behalf of women and families" thanks to an agreement with her ex-husband, Microsoft founder and billionaire Bill Gates. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.
Persons: Melinda French Gates, she's, Melinda Gates, Bill Gates Organizations: Melinda Gates Foundation, Microsoft, Business
New York CNN —Melinda French Gates said Monday she would resign as co-chair of the Bill & Melinda Gates Foundation that she has helped lead since 2000. As part of her separation agreement from former husband Bill Gates, French Gates said she will receive an additional $12.5 billion for her charitable work. Bill Gates and French Gates announced their divorce in May 2021. Gates will remain in control and, essentially, buy French Gates out of the foundation, Suzman said at the time. The Bill & Melinda Gates Foundation did not immediately respond to CNN’s request for comment.
Persons: Melinda French Gates, Melinda Gates, Bill Gates, French Gates, Gates, , Mark Suzman, Melinda, , Suzman, ” Suzman Organizations: New, New York CNN, Melinda Gates Foundation, Gates Foundation, Ventures Locations: New York, Gates, United States
Melinda Gates, co-founder of the Bill and Melinda Gates foundation arrives at the Elysee Palace in Paris, France on July 01, 2021. Melinda French Gates, the former wife of Microsoft co-founder Bill Gates, announced on Monday she would resign as co-chair of the Bill & Melinda Gates Foundation next month. Bill Gates in a separate statement said, "I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work." French Gates has also devoted significant amounts of time and money towards gender equality initiatives worldwide. In 2015, she founded Pivotal Ventures, a separate entity from the Gates Foundation, which focused on removing barriers to access and opportunity for minorities and women in the U.S.
Persons: Melinda Gates, Melinda French Gates, Bill Gates, French Gates, Gates, Melinda Organizations: Microsoft, Melinda Gates Foundation, Ventures, Gates Foundation Locations: Paris, France, French, Africa, South Asia, U.S
Melinda French Gates and her daughter Phoebe Gates are apparent Swifties. French Gates shared a video lip-synching Taylor Swift's single, "Fortnight," with her daughter. Both Melinda French Gates and Swift are among the rare class of female billionaires. Melinda French Gates and her daughter Phoebe Gates appear to count themselves among Taylor Swift's billions of fans, evidenced by an Instagram video of the mother-daughter duo singing along to one of the pop star's newest songs. Melinda French Gates, who co-founded the Bill & Melinda Gates Foundation with her ex-husband and Microsoft founder, is worth an estimated $12.9 billion, per Bloomberg.
Persons: Melinda French Gates, Phoebe Gates, Gates, Taylor, Swift, , Taylor Swift's, Melinda Gates, Jennifer Gates Organizations: Service, Poet's Department, Forbes, Melinda Gates Foundation, Microsoft, Bloomberg
Bill Gates has amassed an extensive — and high value — real estate portfolio. Last year, the homes owned by Gates and his former wife, Melinda French Gates, racked up a $2.7 million property tax bill last year. That's more than 700 times as much as the average American pays in property taxes each year. Gates' highest property tax bill is in Washington state, where he has a 10.5-acre property in the tony Seattle suburb of Medina along Lake Washington. While high by most standards, Gates' property tax bill represents less than 0.01% of his $148 billion net worth — and a fraction of his total tax bill.
Persons: Bill Gates, Gates, , Melinda French Gates, French Gates, ProPublica Organizations: Service, Yellowstone Club Locations: French, Seattle, Washington, tony Seattle, Medina, Lake Washington, California, Del Mar, Florida, Wellington, Montana
Here's a look at his real estate portfolio, which he spent $150 million and three decades building. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. As one of the richest people in the world for decades, the Microsoft cofounder has built up an impressive real estate portfolio. Over three decades, he and his ex-wife, Melinda French Gates, spent more than $150 million on their current real estate portfolio. AdvertisementHere's a look at Gates' many homes, along with details about transfers around the Gates divorce.
Persons: Bill Gates, , I'm, Gates, Melinda French Gates Organizations: Service, The Telegraph, Microsoft, Business Locations: Washington , California, Florida, Montana, United States, Louisiana , Arkansas, Arizona, Seattle
In 2021, the inaugural recipients of the prize were Van Jones, a lawyer and CNN commentator, and chef José Andrés, each of whom received $100 million. They also serve as national spokespeople for the Brain Health Project, which focuses on brain health and brain performance with a concentration on veterans. Longoria, who starred in the television series “Desperate Housewives,” has focused on education and entrepreneurship in Latino communities. The Eva Longoria Foundation aims to connect Latinos and Latinas in lower-income areas with peer mentors, and Longoria has a start-up fund for Latino-owned small businesses. Bezos and Sánchez pledged $100 million to recovery efforts in Maui after the devastating wildfires in 2023, though the donation has come under scrutiny.
Persons: Jeff Bezos, Lauren Sánchez, Bill McRaven, Eva Longoria, Bernard Arnault, Van Jones, José Andrés, Dolly Parton, McRaven, , Lauren, Jeff, ” McRaven, Longoria, , ” Longoria, Bezos, Warren Buffett, Melinda French Gates, Bill Gates, MacKenzie Scott, Sánchez Organizations: New, New York CNN, Amazon, University of Texas, Bloomberg, CNN, Warrior Foundation, Brain Health, , Fund Locations: New York, Bezos, Maui
The Dells contributed nearly $976 million to their charitable funds, which distribute gifts to a wide array of charities. Together, the 50 donors on the list contributed a total of $11.9 billion to charity in 2023. Only 23 of the richest Americans on the Forbes 400 list donated enough to appear on the Philanthropy rankings. 13 on the list, they contributed $210 million to the Institute for Protein Innovation, which shares its data with scientists for free. _____Maria Di Mento is a senior reporter and Jim Rendon is a senior writer at the Chronicle of Philanthropy, where you can read the full article.
Persons: Michael Bloomberg, Phil Knight, Penny, Michael Dell, Susan, Bill Gates, Melinda French Gates, Bernie Marcus, Ken Langone, Arthur Blank, , , Renee Kaplan, — Franklin Antonio, Hugh Hoffman, , Tim Springer, Chafen Lu, Diego’s Jay Kahn, Lauder, Sergey Brin’s, Michael J, Robert Kraft, Lucia Woods, David, Kathleen LaCross, Pierre Omidyar, Pam, They’re, John, Laura Arnold, Laura, ” Laura Arnold, Wendy Schmidt, Eric Schmidt, “ Younger, Kaplan, Jeff Sobrato, _____ Maria Di Mento, Jim Rendon, Kay Dervishi Organizations: New, New York City, Nike, Bloomberg, Knights, University of Oregon, Dells, Forbes, Forward, Qualcomm, Summer Science, SETI Institute, ALS Association , University of Cincinnati Foundation, Cincinnati Zoo, Botanical, Nature Center, Yale University, Institute for Protein Innovation, Price Club, Apple, San Diego Foundation, Discovery Foundation, Google, Fox Foundation, Parkinson’s Research, New England Patriots, Foundation, Combat, Ms, Foundation for Women, Chicago Foundation for Women, University of Virginia Darden School of Business, eBay, District of Columbia, Associated Press, Philanthropy Locations: New York, Portland , Oregon, Ohio, Moderna, California, Florida, Texas, Virginia, Washington, Hawaii, Massachusetts
The rise of AI has elicited fear that the technology will eliminate millions of jobs around the world. The International Monetary Fund this week reported that about 40% of jobs around the world could be affected by the rise of AI. Gates doesn’t necessarily disagree with that notion, but he believes history shows with every new technology comes fear and then new opportunity. “I have more than enough money for my own consumption,” Gates said when Zakaria asked how philanthropic efforts are going. At a rate of $9 billion a year, Gates anticipates he’ll have given away all of his money in about 20 years.
Persons: New York CNN —, Bill Gates, Gates, ” Gates, CNN’s Fareed Zakaria, OpenAI’s, , Zakaria, hadn’t, “ I’m, I’ll, Melinda French Gates, he’s, Warren Buffett, CNN’s “ Fareed Zakaria Organizations: New, New York CNN, Monetary Fund, Microsoft, OpenAI, Gates, World Economic, CNN Locations: New York, Davos, Africa
Career changes can be hard, even for Bill Gates — who credits a simple, lifelong habit for his switch from a narrow-minded, decades-long focus on computers and software to international philanthropy. "I had a long period from about age 18 to 40 where I was very monomaniacal ... Microsoft was everything," Gates, 68, recently told comedian Trevor Noah on the "What Now? "I was lucky enough that as other people took over Microsoft, I got to go and read and learn about all the health challenges, why children die." With even more time to read, he researched ongoing global health crises and decided to make the Bill and Melinda Gates Foundation his primary focus, he said. "Reading fuels a sense of curiosity about the world, which I think helped drive me forward in my career and in the work that I do now with my foundation," Gates told Time in 2017.
Persons: Bill Gates —, Gates, Trevor Noah, Melinda French Gates, Melinda Gates, , he's, It's, it's, Mark Cuban, Bill Maher's, Warren Buffett Organizations: Microsoft, Melinda Gates Foundation Locations: United States
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