Melinda Franz Gates is no longer committed to donating most of her fortune to the charity she set up with her ex-husband and will instead donate the money to other charities, the Wall Street Journal reported today.
The 57-year-old IT specialist made this decision at the end of 2021, after her divorce from the co-founder of Microsoft Corp, Bill Gates. The couple promised in 2010 that they would donate most of their fortune to the Bill & Melinda Gates Foundation, which was founded in 2000 and spent $ 55 billion in the first twenty years of its operation to fight poverty, inequality and disease.
A spokeswoman for the foundation declined to comment on what Melinda Franz Gates wrote in her Letter of Intent, which she published separately from her ex-husband. “I recognize that it is absurd to accumulate so much wealth in the hands of one person and I believe that the only responsible thing one can do with a fortune of this magnitude is to distribute it – as discreetly as possible and in such a way as to have the greatest possible effect “, she writes in her letter.
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