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Bill and Melinda Gates to divorce, but charitable foundation to remain intact

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(Last Updated On: May 4, 2021)

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.

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Manhunt underway after gunmen ambush French prison van to free drug dealer

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(Last Updated On: May 15, 2024)

Gunmen wearing balaclavas ambushed a prison van in northern France on Tuesday to free a drug dealer known as “The Fly,” killing two prison guards, severely wounding three and triggering a major police manhunt.

The brazen, morning attack at a toll booth in Incarville in the Eure region of northern France underlines the growing threat of drug crime across Europe, the world’s No.1 cocaine market, Reuters reported.

It came on the same day that France’s Senate released a major report on drug trafficking, warning that the country faces a “tipping point” from rising narco violence that represents “a threat to the fundamental interests of the nation.”

The fugitive inmate, named Mohamed Amra, is a 30-year-old drug dealer from northern France, according to the Paris prosecutor’s office and police sources.

He had been convicted of burglary by a court in Evreux on May 10 and was being held at the Val de Reuil prison, Reuters reported.

Amra had also been indicted by prosecutors in Marseille for a kidnapping that led to a death, the Paris prosecutor’s office said.

A police source in Marseille told Reuters Amra was a drug dealer with ties to the city’s powerful “Blacks” gang.

Images on social media showed gunmen in balaclavas circling near an SUV that was in flames. The SUV appeared to have been rammed into the front of the prison van.

Amra’s lawyer, Hugues Vigier, told BFM TV that the violence of the incident did not correspond with the person he knew. He said Amra had tried to escape from prison on Sunday by sawing at the bars of his cell.

“This element suggests that there was an escape attempt in preparation,” Vigier said.

Interior Minister Gérald Darmanin said a major manhunt had been launched, with several hundred officers involved.

Justice Minister Éric Dupond-Moretti said the prison van was attacked while Amra was being driven to meet an investigating judge in Rouen. He said two of the injured officers were in critical condition.

“Absolutely everything will be done to find the perpetrators of this despicable crime,” he told BFM TV. “These are people for whom life means nothing. They will be arrested, judged and punished according to the crime they committed.”

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Blinken arrives in Ukraine in show of US solidarity amid Russian attacks

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(Last Updated On: May 14, 2024)

U.S. Secretary of State Antony Blinken arrived in Kyiv on Tuesday in the first visit to Ukraine by a senior U.S. official since Congress passed a long-delayed $61 billion military aid package for the country last month, Reuters reported.

The previously undisclosed trip aims to show U.S. solidarity with Ukraine as it struggles to fend off heavy Russian bombardment on its northeastern border.

Blinken, who arrived in Kyiv by train early on Tuesday morning, hopes to “send a strong signal of reassurance to the Ukrainians who are obviously in a very difficult moment,” said a U.S. official who briefed reporters traveling with Blinken on condition of anonymity.

“The Secretary’s mission here is really to talk about how our supplemental assistance is going to be executed in a fashion to help shore up their defenses (and) enable them to increasingly take back the initiative on the battlefield,” the official said.

Artillery, long-range missiles known as ATACMS and air defense interceptors approved by President Joe Biden on April 24 were already reaching the Ukrainian forces, the official said.

Blinken will reassure Ukrainian officials including President Volodymyr Zelenskiy of enduring U.S. support and deliver a speech focused on Ukraine’s future, the official said.

Kyiv has been on the back foot on the battlefield for months as Russian troops have slowly advanced, mainly in the Donetsk region to the south, taking advantage of Ukraine’s shortages of troop manpower and artillery shells. Russia’s forces hold a significant advantage in manpower and munitions.

On Monday, U.S. National Security Advisor Jake Sullivan said Washington was trying to accelerate “the tempo of the deliveries” of weapons to Ukraine to help it reverse its disadvantage, read the report.

“The delay put Ukraine in a hole and we’re trying to help them dig out of that hole as rapidly as possible,” Sullivan said, adding that a fresh package of weapons was going to be announced this week.

EXPANDING THE FIGHTING

Russia now controls about 18% of Ukraine and has been gaining ground since the failure of Kyiv’s 2023 counter-offensive to make serious inroads against Russian troops dug in behind deep minefields.

Moscow’s troops entered Ukraine near its second largest city of Kharkiv on Friday, opening a new, northeastern front in a war that has for almost two years been largely fought in the east and south. The advance could draw some of Kyiv’s depleted forces away from the east, where Russia has been advancing.

“They (the Russians) are clearly throwing everything they have in the east,” said the U.S. official.

Economic and political reforms being undertaken by Kyiv will pave the way for the country to join the European Union and eventually NATO, the official said.

While the U.S.-led defense alliance is not likely to admit Ukraine any time soon, individual members are reaching bilateral security agreements with Kyiv. Talks on a U.S.-Ukraine agreement are “in the final stages” and will conclude ahead of the July NATO summit in Washington, the U.S. official said.

The Group of Seven wealthy nations signed a joint declaration at the NATO summit in Vilnius in July last year committing to establish “long-term security commitments and arrangements” with Ukraine that would be negotiated bilaterally, Reuters reported.

Kyiv says the arrangements should contain important and concrete security commitments, but that the agreements would in no way replace its strategic goal of joining NATO. The Western alliance regards any attack launched on one of its 32 members as an attack on all under its Article Five clause.

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Brazil floods kill 143, government announces emergency spending

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(Last Updated On: May 13, 2024)

The death toll from heavy rains in Brazil’s Rio Grande do Sul state rose to 143, up from 136 on the day before, the local civil defense government body said on Sunday, as rains continue to pour on the state, Reuters reported.

Another 125 people remain unaccounted for in the state, where rivers are reporting rising levels. Weather service Metsul called the situation “extremely worrying.”

On Saturday evening the government announced around 12.1 billion reais ($2.34 billion) in emergency spending to deal with the crisis that has displaced more than 538,000 people in the state, out of a population of around 10.9 million.

With this new money, more than 60 billion reais in federal funds has already been made available to the state, said the federal government in a statement on Saturday.

Brazil’s President Luiz Inacio Lula da Silva said the state will rebuild what was destroyed, read the report.

“We know that not everything can be recovered, mothers have lost their children and children have lost their mothers,” said Lula on social media X, in a statement to mark Mother’s Day.

On Saturday, U.S. President Joe Biden issued a statement, saying that his administration is in contact with Brazil’s government to provide assistance.

“Our thoughts and prayers are with the people impacted by this tragedy and the first responders working to rescue and provide medical care to families and individuals,” said Biden.

More rain fell on Sunday and is expected on Monday. Less than two weeks after the rains began, the state is again on alert with the risk of water rising once more to record levels on the Guaiba lake, near the capital Porto Alegre, Reuters reported.

The state is at a geographical meeting point between tropical and polar atmospheres, which has created a weather pattern with periods of intense rains or drought.

Local scientists believe the pattern has been intensifying due to climate change.

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