Melinda French Gates, Mackenzie Scott team up for $40M donation

The ex and soon-to-be ex of two of the richest males on the earth are teaming as much as give away $40 million to 4 organizations that promote gender equality.

Melinda French Gates, the estranged wife of Microsoft founder Bill Gates, and Amazon founder Jeff Bezos’ ex-wife MacKenzie Scott announced the donation collectively.

The awardees had been chosen by means of the Equality Can’t Wait Problem, hosted by French Gates’ funding agency Pivotal Ventures and supported by Scott and her science teacher husband Dan Jewett.

Billionaire philanthropist Lynn Schusterman’s household basis additionally supported the donation.

“The awardees are robust groups engaged on the entrance strains and from inside communities to assist ladies construct energy of their lives and careers,” Scott, who divorced Bezos in 2019 and quickly became the world’s richest woman, stated in an announcement. “And better of all, they’re not alone.”

Melinda Gates
Melinda French Gates stated we will “advance gender equality” by supporting organizations which can be “able to raise up ladies and ladies.”
Antoine Gyori/Getty Photos

Scott has made a reputation for herself since her divorce from Bezos as being more charitable with her fortune than Bezos and different tech billionaires.

In June, Scott donated $2.7 billion to hundreds of organizations and in December, she gave away another $4.2 billion in donations.

Scott has a internet value of just about $64 billion, in accordance with the Bloomberg Billionaires Index. Bezos stays the wealthiest man on the earth, in accordance with Bloomberg.

Mackenzie Scott became the world's richest woman after divorcing Jeff Bezos, and has been since given away billions of dollars as donations.
MacKenzie Scott turned the world’s richest girl after divorcing Jeff Bezos, and has been since given away billions of {dollars} in donations.
Charley Gallay/Getty Photos for Amazon Studios

The recipients of the newest donation had been chosen from a pool of greater than 550 candidates. The winners are targeted on varied features of gender equality, together with caregiving, tech and profession improvement, greater training and minority communities.

“The overwhelming response to the problem proves there’s no scarcity of transformational concepts about tips on how to speed up progress for girls and ladies,” French Gates added. “We are able to break the patterns of historical past and advance gender equality, however we should decide to lifting up organizations, like those receiving awards at present, which can be able to raise up ladies and ladies.”

The Gateses shocked the world in Might after they introduced their divorce plans. Invoice Gates is at the moment the fourth-wealthiest individual on the earth, with a internet value of about $151 billion, in accordance with Bloomberg’s index.

And the mega-billionaire couple management one of many largest and strongest charitable organizations on the earth, the Invoice and Melinda Gates Group.

It stays unclear precisely how the huge Microsoft fortune might be divvied up between the two.

French Gates’ most up-to-date donation by means of her personal funding agency might present a path for her to proceed together with her philanthropic endeavors, however be separate from the $65 billion Gates Group.

Bill and Melinda Scott Gates
It’s unclear how Invoice and Melinda French Gates might be dividing the Microsoft fortune.
LUDOVIC MARIN/AFP through Getty Photos

Final month, Warren Buffett, a longtime trustee of the philanthropy, resigned from the organization because the messy divorce performs out.

And earlier this month, the group’s CEO Mark Suzman introduced that French Gates agreed to quit the foundation in two years if the pair realizes they’ll not work collectively. | Melinda French Gates, Mackenzie Scott workforce up for $40M donation


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