Melinda Gates Net Worth
Melinda Gates has an estimated net worth of $5.5 billion. Melinda Gates, the former wife of Microsoft founder Bill Gates, is co-chair of the Bill & Melinda Gates Foundation, which strives to improve global health and education. She earned the majority of her income from Microsoft.
Melinda Gates joined Microsoft in 1987 and married her boss, Bill Gates, in 1994. That same year, she and her husband co-founded the Bill & Melinda Gates Foundation. She restructured the organization in 2006. She pledged $560 million in 2012 to improve access to contraception for women in developing countries.
To calculate the net worth of Melinda Gates, subtract all her liabilities from her total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as loans and personal debt, are included in total liabilities.
Here’s the breakdown of her net worth:
|Net Worth:||$5.5 billion|
|Monthly Salary:||$20 Million+|
|Annual Income:||$300 Million+|
|Source of Wealth:||Businessperson|
Melinda Ann French was born on August 15, 1964, in Dallas, Texas. She is the oldest of three siblings, with one older sister and two younger brothers. During Melinda’s childhood, her father, Ray French, worked as an aerospace engineer, and her mother, Elaine French, was a stay-at-home mom.
Elaine, who wished she had gone to college, put a high value on her children’s education. To that end, the family spent weekends maintaining their rental properties in order to pay for their children’s schooling.
Melinda developed an early interest in computers while attending Ursuline Academy, a Catholic school for girls. She pursued her interest in computer science in college, earning a bachelor’s degree in 1986 from Duke University. The following year, she graduated from Duke University’s Fuqua School of Business with a master’s degree in business administration with a concentration in economics.
Working for Microsoft
In 1987, Melinda began working for Microsoft Corporation. She began her career as a product manager, primarily in the development of multimedia and interactive products. Melinda worked her way up to general manager of information products at Microsoft over the course of nine years. Her projects included the low-cost travel website Expedia, the interactive movie guide Cinemania, and the multimedia digital encyclopedia Encarta.
Melinda first met her new boss, Bill, in 1987 at a computer trade show in Manhattan. Within the context of the current corporate climate, she found his sense of humor to be both surprising and refreshing. When he eventually asked her out with only a few weeks’ notice, she was initially put off by his over-planning, but she quickly realized his busy schedule made spontaneity difficult. She agreed to a date after accepting this.
Bill proposed to Melinda after they had been dating for six years. They married on the Hawaiian island of Lanai in 1994. Jennifer Katharine Gates, the couple’s first child, was born in 1996 to Melinda. She decided to leave her job at Microsoft at the time in order to devote more time to child-rearing and philanthropic endeavors. Melinda and Bill would have two more children: Rory John, a boy, and Phoebe Adele, a girl.
The couple announced their divorce in May 2021.
Philanthropy Through the Bill & Melinda Gates Foundation
The William H. Gates Foundation was founded in 1994 by Melinda and Bill, along with Bill’s father. The William H. Gates Foundation was merged with two of the couple’s other charitable organizations, the Gates Library Foundation and the Gates Learning Foundation, in 1999. The newly merged charity was renamed the Bill & Melinda Gates Foundation.
Although the foundation’s initial goal was to place computers and Microsoft products in libraries across the United States, Melinda expanded the organization’s vision over time to include global educational improvements. The efforts of the Bill & Melinda Gates Foundation also came to address global poverty and health issues.
Warren Buffett, a friend of Bill’s, made a historic $30 billion donation to the foundation in 2006. Melinda then restructured the organization into three departments in anticipation of dividing its assets among the most pressing needs: global health, global development, and U.S. community and education. One of the foundation’s main goals in global health has been to develop prevention strategies, vaccines, and treatments for diseases like HIV/AIDS, malaria, and tuberculosis.
The Bill & Melinda Gates Foundation’s mission was officially restated in 2011 as “improving equity in four areas: global health, education, access to digital information through public libraries, and support for at-risk families in Washington State and Oregon.” Melinda Gates pledged $560 million in 2012 to improve access to contraception for women in developing countries.
Melinda and her husband are also committed to improving education in the United States. Through the Gates Millennium Scholars program, their foundation assists students in funding their studies. “Bill and I believe that education is the great equalizer,” she wrote on her Facebook page.
Melinda and Bill announced in 2015 that employees of their foundation would receive up to a year of paid leave following the birth or adoption of a child, demonstrating their support for progressive workplace policies. The following year, President Barack Obama awarded them the Presidential Medal of Freedom for their charitable work.
In 2018, the couple decided to answer ten of the most difficult questions about their work in the 10th edition of their foundation’s annual letter. In response to a question about how to adjust to President Donald Trump’s policies, Melinda said it was critical to maintain a strong relationship with the administration, but that Trump could be a better role model. “I wish our president would speak and tweet with more respect for people, especially women,” she wrote.
Melinda said the foundation was concerned about the possibility of a large-scale bioterrorism attack in an interview with Vox founder Ezra Klein at the 2018 South by Southwest festival. “A bioterrorist event could spread so quickly, and we are completely unprepared,” she said. “Think about how many people leave New York City every day and travel all over the world — we live in an interconnected world.”
Finally, the next global threat arrived in the form of a novel coronavirus, which quickly spread after first appearing in China in late 2019. Melinda and her husband devoted significant resources from their foundation to combating the outbreak, collaborating with leading pharmaceutical companies to fund the development of a vaccine.
Melinda’s book, The Moment of Lift: How Empowering Women Changes the World, was released in 2019. “How can we summon a moment of uplift for humans, particularly women?” “Because when you elevate women, you elevate humanity,” she writes.
Favorite Melinda Gates Quotes
But we also believe in taking risks, because that’s how you move things along.
You can have the best vaccines for a woman or her child, but if you can’t get her to come and get them then they won’t work.
If you are successful, it is because somewhere, sometime, someone gave you a life or an idea that started you in the right direction. Remember also that you are indebted to life until you help some less fortunate person, just as you were helped.
Kids are falling through the cracks and nobody notices it. That to me is what’s wrong with the school system.
I learn in a different way. I learn experientially.
I care much more about saving the lives of mothers and babies than I do about a fancy museum somewhere.
There’s a false perception that women in Africa somehow don’t love their babies they way we do, don’t grieve their loss the way we would. That is simply not true.
Having children made us look differently at all these things that we take for granted, like taking your child to get a vaccine against measles or polio.
All lives have an equal value.
After a number of years dating, we decided we were good partners.
View our larger collection of the best Melinda Gates quotes.
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