Technology
Bill, Melinda Gates officially end 27-year marriage
New York: Co-founder and former CEO of Microsoft Bill Gates and his wife and fellow philanthropist Melinda French Gates have officially finalized their divorce, according to court records filed Monday.
Three months after they first announced their split following 27 years of marriage, Bill Gates and Melinda French Gates are officially divorced.
As per reports, neither will receive spousal support and French Gates will not legally change her name.
The judge ordered to divide their property according to the terms of a separation contract, which remains confidential under the terms of the divorce.
In addition, the judge called the plan to split property "just and equitable".
Since the news was revealed in May, more than $3 billion worth of shares held by Gates's Cascade Investment has been transferred to French Gates's name.
Billionaire Bill Gates is now worth more than $150 billion.
Bill Gates and Melinda Gates are one of the world's wealthiest couples with a joint fortune estimated at $130 billion have announced to end their 27-year marriage. However, the two will keep working together on philanthropic efforts including addressed education, gender equality and health care.
According to Forbes, Bill Gates is the fourth wealthiest person in the world with a net worth of $131.1 billion and have channeled billions into charitable work around the globe via his foundation.
Bill and Melinda Gates both worked at Microsoft.
Melinda had been a general manager at Microsoft, where she worked on products such as the Encarta encyclopedia.
Bill met her at a dinner party for Microsoft employees in 1987 and married Melinda in January 1994 on a golf course on the Hawaiian island of Lanai.
The couple have three children, Jennifer (25), Rory (21) and Phoebe (18).
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