World
Bill and Melinda Gates to divorce, but charitable foundation to remain intact
Billionaire benefactors Bill and Melinda Gates, co-founders of one of the world’s largest private charitable foundations, filed for divorce on Monday after 27 years of marriage but pledged to continue their philanthropic work together.
The Bill & Melinda Gates Foundation has become one of the most powerful and influential forces in global public health, spending more than $50 billion over the past two decades to bring a business approach to combating poverty and disease.
The Gates have backed widely praised programs in malaria and polio eradication, child nutrition and vaccines. The foundation last year committed some $1.75 billion to COVID-19 relief.
In a joint petition for dissolution of marriage, the couple asserted their legal union was “irretrievably broken,” but said they had reached agreement on how to divide their marital assets. No details of that accord were disclosed in the filing in King County Superior Court in Seattle.
Bill Gates, 65, who co-founded Microsoft Corp (MSFT.O), and his spouse, Melinda French Gates, 56, met after she joined the software giant as a product manager, and they dated for a few years before marrying in January 1994 in Hawaii.
“After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage,” the two said in a joint statement posted on each of their individual Twitter accounts.
“We no longer believe we can grow together as a couple in the next phase of our lives. We ask for space and privacy for our family as we begin to navigate this new life,” they said.
The divorce petition, which states that the couple have no minor children, comes after the youngest of their three offspring recently turned 18.
Launched in 2000, the nonprofit Bill & Melinda Gates Foundation ranks as the largest private philanthropic foundation in the United States and one of the world’s biggest, with net assets of $43.3 billion at the end of 2019, according to the latest full-year financials shown on its website.
From 1994 through 2018, the couple gifted more than $36 billion to the Seattle-based foundation, the website said.
Last year, investor Warren Buffett reported donating more than $2 billion of stock from his Berkshire Hathaway Inc (BRKa.N) to the Gates Foundation as part of previously announced plans to give away his entire fortune before his death.
‘NO CHANGES TO THEIR ROLES’
In their divorce petition, the couple asks the court “to dissolve our marriage” and to divide their communal property, business interests and liabilities “as set forth in our separation contract,” though that accord was not made public.
Bill Gates is ranked No. 4 on the Forbes list of the world’s wealthiest individuals, with an estimated $124 billion fortune.
In a separate statement, the Gates Foundation said the couple would remain as co-chairs and trustees of the organization.
“They will continue to work together to shape and approve foundation strategies, advocate for the foundation’s issues, and set the organization’s overall direction,” the foundation’s statement said.
The split comes two years after another leading Seattle-based billionaire and philanthropist, Amazon.com Inc (AMZN.O) founder Jeff Bezos, said that he and his then-wife, MacKenzie, were getting divorced.
At least one critic of billionaire benefactors cited the Gates’ split as a cautionary tale in the wisdom of concentrating so much sway over global humanitarian issues under the control of super-wealthy individuals.
“The Gates divorce will do more than upend a family’s life. It will ramify into the worlds of business, education, public health, civil society, philanthropy, and beyond,” Anand Giridharadas, author of the book “Winners Take All” told Reuters.
“That is because our society has made the colossal error of allowing wealth to purchase the chance to make quasi-governmental decisions as a private citizen,” he said.
Gates dropped out of Harvard University to start Microsoft with school chum Paul Allen in 1975. Gates owned 49% of Microsoft at its initial public offering in 1986, which made him an instant multimillionaire. With Microsoft’s explosive growth, he soon became one of the world’s wealthiest individuals.
After an executive tenure in which he helped transform the company into one of the world’s leading technology firms, Gates stepped down as CEO of Microsoft in 2000 to focus on philanthropy. He remained chairman until 2014 and left the company’s board in March 2020.
Known in the technology industry as an acerbic and ruthless competitor, Gates drew the ire of rivals and eventually the U.S. government for Microsoft’s business practices.
The software giant was convicted of antitrust violations in the late 1990s. But the verdict was overturned on appeal, and the company then settled the case out of court.
Gates’ public persona softened into an avuncular elder statesman as he turned his attention to philanthropy, and he has largely steered clear of the many controversies currently roiling the technology business.
Melinda French Gates, who recently added her maiden name on most of her websites and social media, was raised in Dallas and studied computer science and economics at Duke University before joining Microsoft.
In 2015 she founded Pivotal Ventures, an investment company focused on women and families, and in 2019 published a book, “The Moment of Lift”, centered on female empowerment.
World
Saudi Aramco helicopter crash kills 14 nationals, state news agency says
A helicopter belonging to Saudi oil giant Aramco crashed on Sunday in Ras Tanura on Saudi Arabia’s eastern coast on the Gulf, west of the Strait of Hormuz, killing 14 nationals, the state news agency reported, adding that the cause was unknown.
Aramco had resumed crude oil loadings on Friday at its Ras Tanura terminal in the Gulf after they were halted for nearly four months, Reuters reported.
“The relevant authorities have launched a full investigation to determine the cause of the crash,” the state news agency added.
Aramco did not respond immediately to an emailed request for comment.
The incident took place at 6 a.m. local time (0300 GMT), the state agency said, without providing further details.
Saudi Arabia, the world’s biggest oil exporter, has joined a rush to move cargoes after Middle East producers ramped up oil and gas output and exports ahead of an interim deal to halt the war between the United States and Iran.
World
Israel, Lebanon sign initial agreement after US-mediated talks
Israeli Prime Minister Benjamin Netanyahu said the agreement allows Israeli forces to continue to occupy southern Lebanon if Hezbollah does not disarm.
Israel and Lebanon signed a framework agreement in Washington on Friday following several days of talks to secure an end to fighting between Israel and Iran-backed Hezbollahmilitants, though both sides framed the deal as an initial step, Reuters reported.
Lebanese Ambassador Nada Moawad and her Israeli counterpart Yechiel Leiter signed the trilateral document with the U.S. at the State Department in Washington, providing few details.
Israeli Prime Minister Benjamin Netanyahu said the agreement allows Israeli forces to continue to occupy southern Lebanon if Hezbollah does not disarm.
“Today we’ve taken the first step in what will be a difficult journey, without a doubt, but an important and an essential and a necessary one,” U.S. Secretary of State Marco Rubio said before the agreement was inked.
In a later statement he said that the U.S. would facilitate the implementation of the deal through a trilateral “Military Coordination Group for Lebanon” and that Washington would commit significant resources, including an immediate $100 million in humanitarian assistance in coordination with the U.N.
Rubio added that the U.S. reaffirmed its intent to improve the capabilities of the Lebanese Armed Forces “to more effectively establish sovereignty throughout Lebanese territory” with more than $30 million in funds under existing U.S. authorities and appropriations.
The conflict between Israel and Hezbollah broke out when the armed group fired at Israel on March 2, days after the U.S. and Israel attacked Iran. The Hezbollah attacks triggered Israeli air and ground attacks that have killed more than 4,000 people in Lebanon and displaced more than a million.
Lebanon’s Moawad also called it a “first step” on the road to restoring Lebanese sovereignty.
“Iran is out, Hezbollah is out, and the road to peace between Israel and Lebanon is in,” Leiter said.
Netanyahu said in a statement that the deal would also allow the Lebanese army “to begin organizing to take control of territory,” starting with what he described as two “pilot zones” from which Israeli troops would withdraw from land they occupied during the war.
Israel describes that territory as a “security zone” or “buffer zone” where its troops can thwart Hezbollah attacks on northern Israel.
Lebanese President Joseph Aoun said the agreement should allow Lebanese to return to “fully liberated” land and rebuilt homes with “no partner” in its sovereignty.
Israel’s death toll from this round of hostilities with Hezbollah includes at least 32 soldiers and four Israeli civilians. Hezbollah does not release figures on its war dead. Reuters reported on May 4 that several thousand Hezbollah fighters had been killed in the war.
A State Department official told Reuters on Thursday that Israel had agreed to pull back from some of the territory it has occupied, something Israeli and Lebanese officials denied.
Before the talks resumed this week, Israel and Hezbollah agreed to halt fire even as Israel kept troops in southern Lebanon.
Violence has persisted since the ceasefire, with Israel saying on Friday its troops had struck and killed what the military described as seven Hezbollah members who were operating near the territory it is occupying. Reuters could not confirm this.
“To the degree that the Lebanese army performs in dismantling and disarming Hezbollah, we will proceed with additional pilot zones and the ultimate determination of an internationally recognized, secure, and agreed upon border,” Leiter told reporters after the signing.
Hezbollah lawmaker Hassan Fadlallah said Lebanese authorities would not be able to enforce the agreement unless, with U.S. support, “they go to civil war,” pro-Iranian broadcaster Al Mayadeen reported, read the report.
Hezbollah would confront any measure taken by Lebanese authorities and would hold on to its weapons even more, adding that the group’s opposition was “serious” and would not allow authorities to implement their commitments on the ground, Fadlallah said.
Israeli forces dropped leaflets over the southern Lebanese town of Mansouri on Friday ordering residents to leave, Lebanese state media reported, the first such order issued since the latest ceasefire between Israel and Hezbollah took effect.
A senior Lebanese military official said Israel had recently added Mansouri to its occupation zone. The official said Lebanese farmers had continued to enter and leave the town, but had not been living there.
An Israeli military spokesperson said the military issued what it described as a “reminder” to the civilian population that “the area is within the security zone in which (Israeli) soldiers operate. It’s a reminder not to be in the area so they won’t be harmed.”
World
Venezuela earthquake death toll rises to 188 as rescue efforts continue
According to officials, 138 aftershocks have been recorded since the twin 7.2- and 7.5-magnitude earthquakes struck late Wednesday, causing widespread destruction.
The death toll from the powerful earthquakes that struck Venezuela’s northern Caribbean coast has risen to 188, authorities confirmed on Thursday, as emergency crews continue search and rescue operations.
Jorge Rodriguez, President of Venezuela’s National Assembly, said 1,520 people have been hospitalized with injuries, while 157 people remain missing. Rescue teams are still searching for more than 200 people believed to be trapped beneath collapsed buildings.
According to officials, 138 aftershocks have been recorded since the twin 7.2- and 7.5-magnitude earthquakes struck late Wednesday, causing widespread destruction.
Rodriguez said 346 infrastructure sites sustained damage, including 250 buildings, 20 shopping centers, and eight hospitals, forcing authorities to transfer patients to other medical facilities.
The Venezuelan government has announced the establishment of a $200 million emergency reconstruction fund to support the rebuilding of damaged homes, hospitals, and other critical infrastructure.
Following the disaster, Acting President Delcy Rodriguez declared a national state of emergency, while tsunami warnings were issued across parts of the Caribbean region after the powerful earthquakes.
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