LOS ANGELES: Philanthropist Melinda French Gates announced Monday she was leaving the nonprofit foundation she established with her ex-husband Bill Gates — an organization that has become one of the most influential in the world.
The announcement from the 59-year-old French Gates comes three years after her divorce from the 68-year-old Microsoft co-founder.
Under the agreement between the former power couple, French Gates — whose resignation will take effect on June 7 — will receive $12.5 billion for use on her philanthropic efforts “on behalf of women and families.”
“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” French Gates wrote in a statement posted on social media.
“This is a critical moment for women and girls in the US and around the world — and those fighting to protect and advance equality are in urgent need of support.”
The announcement comes in an election year in the United States when abortion is expected to play a pivotal role, as Democrats seek to exploit voter dissatisfaction with Republican efforts to restrict access to the procedure.
French Gates has long-standing links to prominent Democratic Party politicians.
“Melinda, this is so exciting,” former secretary of state and presidential candidate Hillary Clinton wrote on X.
“Thanks for everything you’ve already done, and I can’t wait to see all you do next. Onward!“
Bill Gates married Melinda French in 1994. The couple have three children together, but announced their divorce in 2021.
They had continued to co-chair the foundation they set up using the vast wealth acquired through the success of Microsoft.
But the break in leadership had always been a possibility.
In July 2021, the Seattle-based foundation announced that while the pair would continue to work together in the aftermath of their marital separation, the arrangement was subject to review.
“If after two years either decides they cannot continue to work together as co-chairs, French Gates will resign her position as co-chair and trustee,” a statement at the time said.
“In such a case, French Gates would receive personal resources from Gates for her philanthropic work. These resources would be completely separate from the foundation’s endowment, which would not be affected.”
With a focus on child poverty and preventable diseases, the foundation has been heavily involved in the fight against malaria and in providing toilets and sanitation in poorer parts of the world.
The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.
Bill Gates on Monday thanked his ex-wife for her “critical contributions” to the organization.
“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.
“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”
The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation.
“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.
“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

NEW DELHI: India signed a 10-year contract with Iran on Monday to develop and operate the Iranian port of Chabahar, the Narendra Modi-led government said, strengthening relations with a strategic Middle Eastern nation.

India has been developing the port in Chabahar on Iran’s south-eastern coast along the Gulf of Oman as a way to transport goods to Iran, Afghanistan and central Asian countries, bypassing the port of Karachi and Gwadar in its rival Pakistan.

US sanctions on Iran, however, slowed the port’s development.

“Chabahar Port’s significance transcends its role as a mere conduit between India and Iran; it serves as a vital trade artery connecting India with Afghanistan and Central Asian Countries,” India’s Shipping Minister Sarbananda Sonowal said in Tehran, after the signing of the agreement.

“This linkage has unlocked new avenues for trade and fortified supply chain resilience across the region.”

US State Department deputy spokesperson Vedant Patel, asked about the deal, told reporters that US sanctions on Iran remain in place and warned that Washington will continue to enforce them.

“Any entity, anyone considering business deals with Iran — they need to be aware of the potential risks that they are opening themselves up to and the potential risk of sanctions,” Patel told reporters.

The long-term deal was signed between Indian Ports Global Limited (IPGL) and the Port & Maritime Organization of Iran, authorities in both countries said.

Under the agreement, IPGL will invest about $120 million while there will be an additional $250 million in financing, bringing the contract’s value to $370 million, said Iranian Minister of Roads and Urban Development Mehrdad Bazrpash.

IPGL first took over operations of the port at the end of 2018 and has since handled container traffic of more than 90,000 TEUs and bulk and general cargo of more than 8.4 million tons, an Indian government official said.

A total of 2.5 million tons of wheat and 2,000 tons of pulses have been shipped from India to Afghanistan through Chabahar Port, the official added.

“It will clear the pathway for bigger investments to be made in the port,” Indian Foreign Minister Subrahmanyam Jaishankar told reporters in Mumbai on Monday.