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Lots of money at stake

The Bill And Melinda Gates Divorce: $130B And More Is At Stake

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Comments

Ndus
2021-05-06
Ndus
At this stage of their lives to go through a divorce, it must be pretty serious. especially so when they are public figures.

My guess is a third party.
Zarkness
2021-05-06
Zarkness
Yeah
- Zarkness:
  What do u think y they do it?

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Nor will it be easy for them to start a new life when their old one encompassed a complex financial environment.</p><p>For those curious about how the other 1% live, here is a scorecard on the Gates’ wealth and what will be required when the time comes to divide their holdings after 27 years together.</p><p><b>Rules Of Disengagement:</b>One minor surprise arising from the news of the divorce was the absence of a prenuptial agreement, meaning&nbsp;there are no set boundaries to divide his from hers in this case.</p><p>Also complicating matters is state law: The couple live in Washington, which is a community property state. That means a judge could potentially divide their marital assets equally,&nbsp;&nbsp;which would mean Melinda could walk away with half of Bill’s $130-billion fortune.</p><p>One consideration that will not be part of the divorce proceedings is child support:&nbsp;Melinda stated it's unneeded, as their children are over the age of 18.</p><p><b>he Gates Property Empire:</b>Earlier this year, an investigation byThe Land Reportuncovered a rather surprising fact about Bill Gates: he is the single largest owner of U.S. farmland, with a portfolio of more than 268,000 acres spread over more than a dozen states. Because this property was acquired after the couple married, this will be considered part of the assets to be divided.</p><p>A separate report byWealth-Xfound Gates was the owner of a non-agricultural real estate portfolio worth more than $166 million. This portfolio includes the couple’s 66,000-square-foot lakeside home in Medina, Washington, which&nbsp;carries an estimated value of $65 million, along with a 30-acre estate in Wellington, Florida, a pair of luxury homes in California, a condo at Yellowstone Club in Big Sky, Montana and a private island in Belize.</p><p><b>Investment Assets:</b>Of course, no home is complete without tasteful furnishings, and Wealth-X pointed out that Gates has amassed an art collection valued at $130 million that includes the works of Andrew Wyeth and Winslow Homer.</p><p>Gates also has a notebook from Leonardo Da Vinci that he acquired for $30.8 million in a 1994 auction, as well as four rare first-edition copies of F. Scott Fitzgerald's \"The Great Gatsby.\"</p><p>Wealth-X has also catalogued Gates’ $650,000 sports car collection, which includes three flashy vehicles from<b>Porsche SE</b>POAHY 1.9%—&nbsp;a 1988 Porsche 959 Coupe, a Porsche 911 and a Porsche Carrera Cabriolet 964 —&nbsp;plus a Jaguar XJ6 and&nbsp;Ferrari 348.</p><p>But Gates’ most considerable asset would be his $29.9 billion in holdings in Cascade Investment, which covers nearly one-quarter of his total wealth.</p><p>Wealth-X determined Gates’ shareholdings through this company include an estimated $11.9 billion in<b>John Deere</b>DE 0.21%, $11 billion in<b>Canadian National Railway</b>CNI 1.09%and $1.6 billion in<b>Diageo plc</b>&nbsp;DEO 0.2%.</p><p>And while he is no longer running Microsoft, Gates still owns roughly $26.1 billion in shares.</p><p>As for the Bill &amp; Melinda Gates Foundation, the couple stated they would continue to work together on this philanthropic organization — and they transferred $20 billion of Microsoft stock into the foundation before announcing their divorce.</p><p>Bill will be represented in the divorce by the law firm Munger Tolles &amp; Olson, which was co-founded by Charlie Munger, vice chairman of<b>Berkshire Hathaway</b>(NYSE:BRK-A) (NYSE:BRK-B), while Melinda&nbsp;will have attorney representation from the New York City law firm Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Bill And Melinda Gates Divorce: $130B And More Is At Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Nor will it be easy for them to start a new life when their old one encompassed a complex financial environment.For those curious about how the other 1% live, here is a scorecard on the Gates’ wealth and what will be required when the time comes to divide their holdings after 27 years together.Rules Of Disengagement:One minor surprise arising from the news of the divorce was the absence of a prenuptial agreement, meaning there are no set boundaries to divide his from hers in this case.Also complicating matters is state law: The couple live in Washington, which is a community property state. That means a judge could potentially divide their marital assets equally,  which would mean Melinda could walk away with half of Bill’s $130-billion fortune.One consideration that will not be part of the divorce proceedings is child support: Melinda stated it's unneeded, as their children are over the age of 18.he Gates Property Empire:Earlier this year, an investigation byThe Land Reportuncovered a rather surprising fact about Bill Gates: he is the single largest owner of U.S. farmland, with a portfolio of more than 268,000 acres spread over more than a dozen states. Because this property was acquired after the couple married, this will be considered part of the assets to be divided.A separate report byWealth-Xfound Gates was the owner of a non-agricultural real estate portfolio worth more than $166 million. This portfolio includes the couple’s 66,000-square-foot lakeside home in Medina, Washington, which carries an estimated value of $65 million, along with a 30-acre estate in Wellington, Florida, a pair of luxury homes in California, a condo at Yellowstone Club in Big Sky, Montana and a private island in Belize.Investment Assets:Of course, no home is complete without tasteful furnishings, and Wealth-X pointed out that Gates has amassed an art collection valued at $130 million that includes the works of Andrew Wyeth and Winslow Homer.Gates also has a notebook from Leonardo Da Vinci that he acquired for $30.8 million in a 1994 auction, as well as four rare first-edition copies of F. Scott Fitzgerald's \"The Great Gatsby.\"Wealth-X has also catalogued Gates’ $650,000 sports car collection, which includes three flashy vehicles fromPorsche SEPOAHY 1.9%— a 1988 Porsche 959 Coupe, a Porsche 911 and a Porsche Carrera Cabriolet 964 — plus a Jaguar XJ6 and Ferrari 348.But Gates’ most considerable asset would be his $29.9 billion in holdings in Cascade Investment, which covers nearly one-quarter of his total wealth.Wealth-X determined Gates’ shareholdings through this company include an estimated $11.9 billion inJohn DeereDE 0.21%, $11 billion inCanadian National RailwayCNI 1.09%and $1.6 billion inDiageo plc DEO 0.2%.And while he is no longer running Microsoft, Gates still owns roughly $26.1 billion in shares.As for the Bill & Melinda Gates Foundation, the couple stated they would continue to work together on this philanthropic organization — and they transferred $20 billion of Microsoft stock into the foundation before announcing their divorce.Bill will be represented in the divorce by the law firm Munger Tolles & Olson, which was co-founded by Charlie Munger, vice chairman ofBerkshire Hathaway(NYSE:BRK-A) (NYSE:BRK-B), while Melinda will have attorney representation from the New York City law firm Paul, Weiss, Rifkind, Wharton & Garrison 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