The businessman’s fortune is $129.6 billion, Forbes notes.
Gates moved from fourth to fifth place, behind Facebook founder Mark Zuckerberg, after transferring securities worth about $5.6 billion to his ex-wife. The publication clarifies that the assets were transferred in two tranches, and the first was made back in May when the couple only announced their intention to part. Gates’ fortune now stands at $129.6 billion.
Gates’ asset manager, the Cascade Investment fund, is not required to disclose all transactions involving the transfer of his assets to Gates’ ex-wife. This happens only if more than 5% of the share in the company is transferred. Thus, the amount paid by the Microsoft founder to his ex-wife is probably even more significant. It is also unknown whether new tranches will follow.
Bill and Melinda Gates completed the divorce process last week. Over the past months, various assumptions have appeared about the reasons for the couple’s separation. The Wall Street Journal reported that Gates was forced to resign from the Microsoft board of directors in 2020 due to an investigation into allegations of inappropriate relationships with one of the employees. The publication journalists did not directly say that such actions could cause dissatisfaction with Gates’ wife, but they quite transparently hinted at it.