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Billionaire Watch

Bill and Melinda Gates announce they are divorcing

The billionaire couple are divorcing after 27 years of marriage.

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Bill and Melinda Gates announce they are divorcing

Billionaire tech pioneer and founder of Microsoft, Bill Gates, and his wife Melinda Gates have announced they are divorcing.

The couple had been married for about 27 years and both manage the multibillion-dollar philanthropic organization, Bill and Melinda Gates Foundation.

According to the statement released by the couple, they explained that they do not see each other growing together as a couple and as such decided to divorce.

See excerpts of the notice shared via the Twitter handles of Bill and Melinda Gates respectively.

READ: Factors behind our wealth- Bill, Melinda Gates  

After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage. Over the last 27 years, we have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives. We continue to share a belief in that mission and will continue our work together at the foundation, but we no longer believe we can grow together as a couple in this next phase of our lives. We ask for space and privacy for our family as we begin to navigate this new life.

– Melinda Gates and Bill Gates

Bill Gates, 65, and Melinda, 56 got married in 1993 after meeting 6 years earlier. Bill Gates became a billionaire at age 31 in 1987 and also met Melinda that same year. Bill Gates is valued at about $124 billion making him the 4th richest man in the world.

READ: Billionaires worth over $100 billion made $270 billion in 2020

Bill Gates co-founded Microsoft with Paul Allen in 1975 and launched the first windows operating software a decade later. Bill and Melinda officially established their foundation in 2000. Bill Gates resigned from his active day job at Microsoft in 2008 and stepped down as Chairman in 2014.

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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    Billionaire Watch

    Top 5 billionaires in Europe and what they do for money

    The world billionaires list comprises an exciting set of European billionaires who made their fortune from unlikely areas.

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    Top 5 billionaires in Europe and what they do for money

    What would the world billionaires list look like without the American and Asian mavericks doing spectacular things in tech and other fields of endeavour? Take away these two groups and you would find an interesting crop of European billionaires who made their fortune from unlikely areas.

    Today, we will look at the top five European billionaires and what they do for money.

    5. Beate Heister & Karl Albrecht Jr. ($39.7 billion)

    Beate Heister and Karl Albrecht Jr. are German nationals and children of the founder of one of the biggest supermarket chains in Germany.

    Aldi Supermarket was founded by two brothers after World War 2 and it went on to become very successful. The brothers split at some point and one of them took over the supermarket and made a great success of it. Aldi is touted as the European Walmart.

    Together, Beate and Karl Jr. are worth $39.7 billion.

    READ: Mukesh Ambani, the richest man in Asia buys iconic $79m UK golf club with 900 years history

    4. Francois Pinnault ($52.3 billion)

    The Frenchman, Francois Pinault is the Chairman of the fashion group, Kerring which owns luxury brands like Yves Saint Laurent, Alexander McQueen and Gucci. He started his company as a wood and building materials company before diving into the lucrative world of luxury goods.

    In 1999, he bought the controlling stake in Gucci Group and this kickstarted his journey into luxury products. Francois Pinault is currently worth $52.3 billion.

    Hotflex

    3. Francois Bettencourt Meyers ($83 billion)

    She is the richest woman in the world and the third richest in Europe. Francois Bettencourt Meyers is the granddaughter of the founder of the world-famous cosmetic brand, L’Oréal. She inherited the fortune after her mother who was also the richest woman died.

    Francois Bettencourt and her family own a 33% stake in L’Oréal. The Frenchwoman is worth $83 billion.

    READ: US Tech Boom: 7% increase in valuation as 2 fresh billionaires cross the $100bn mark

    2. Amancio Ortega ($84.9 billion)

    Amancio Ortega is one of the wealthiest clothing retailers in the world. He sits on top of Inditex, a fashion company that owns several brands with over 7,500 stores worldwide.

    Inditex is listed and Amancio owns 60% of it. According to Forbes, he earns over $400 million in dividends every year.

    Amancio Ortega is Spanish and he is worth $84.9 billion.

    READ: Africa’s richest woman claims decision to freeze her assets was based on “fake passport”

    Jaiz bank

    1. Bernard Arnaut ($180.1 billion)

    He needs no introduction as we have done many articles on him already. He is the third richest man in the world and the president of Moet Hennessey Louis Vuitton Group (LVMH). His company is the biggest name in the luxury goods world with over 70 brands under it.

    According to Forbes, he pulled off the biggest brand acquisition ever when he signed in January 2021, the American jeweller Tiffany & Co for $15.8 billion.

    Bernard Arnaut calls himself the custodian of French heritage according to Forbes. His net worth is $180.1 billion.

    Continue Reading

    Billionaire Watch

    Top 5 women who became billionaires after divorcing their husbands

    The divorce of Bill and Melinda Gates is set to mint another woman billionaire.

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    on

    Bill & Melinda Gates Foundation

    The divorce of Bill and Melinda Gates is set to mint another woman billionaire. Yesterday, Nairametrics reported on the first set of transactions made by Bill Gates to his ex-wife, Melinda.

    She was transferred securities worth over $1 billion, already making her a billionaire. With more transfers set to come, we want to look at 5 other women who became billionaires after divorcing their husbands.

    5 .  Sue Ann Arnall ($1 billion  

    Sue Ann Arnall was the wife of oil baron and CEO of Continental Resources, Mr Harold Hamm. The 26-year-old marriage ended in 2015 with a handwritten check of a whopping $974 million to Sue Ann, which she initially rejected on the basis that it was too small. After a series of back and forth in court, however, she finally accepted the cheque.

    Before the cheque, Harold Hamm had initially paid her over $20 million, driving the total settlement figure over a billion dollars.

    Harold Hamm is currently the 247th richest man in the world with a net worth of $8.6 billion.

    READ: There are only 15 black billionaires in the world, here are the top 10

    4.  Sue Gross ( $1.3 billion )

    The ex-wife of Bill Gross, the billionaire founder of the investment management firm, PIMCO, walked away from her 32-year-old marriage to the business mogul with a handsome $1.3 billion dollars. She started her own charity afterwards.

    Bill Gross is currently worth $1.5 billion according to Forbes. He founded PIMCO in 1971 and it became one of the most successful investment management firms in America.

    Hotflex

    READ: Squarespace founder is the latest billionaire, set to make $3bn from listing his company

    3.  Elaine Wynn ( $2 billion ) 

    Elaine Wynn is the ex-wife of Steve Wynn and she is a Co-Founder of the successful casino company, Wynn Resorts. After the couple divorced in 2012, she was transferred 11 million shares from the company which was valued at $795 million at the time.

    Her ex-husband sold a substantial amount of shares later that year, which she also got a stake in. Today, her total shares from the Wyatt Resorts are worth over $2.3 billion according to Forbes.

    READ: Is Donald Trump still a billionaire?

    2.  Melinda Gates ($1.8 billion and counting) 

    Melinda Gates is the latest billionaire divorcee on the block and she is already worth $1.8 billion after the first transfer of wealth. Her ex-husband, Bill Gates is the 4th richest man in the world. She will be worth over $60 billion if Bill Gates’ fortune is split evenly with her, although that is very unlikely.

    1.  Mackenzie Scott ($57.7 billion) 

    The ex-wife of the richest man in the world tops the list with a staggering $57.7 billion net worth. She met her ex-husband, Jeff Bezos when they both worked at a hedge fund in New York and she helped set up Amazon.

    After her divorce from Bezos in 2019, she received 4% of Amazon shares which was valued at $35 billion then. Amazon stocks have witnessed a near 75% increase since then. She is currently worth $57.7 billion according to Forbes.

    Jaiz bank

    What you should know 

    Melinda Gates may top the list after the complete transfer of wealth by her ex-husband, Bill Gates.

    Continue Reading

      





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