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Where Melinda French Gates spends her billions
Insider
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10/24/2024
From tech to philanthropy Melinda Gates is now dipping her toes into politics. Here’s how she’s moved on from her past marriage with Bill Gates and is heading a philanthropic organization seeking to increase women’s power.
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00:00
Melinda French-Gates is different than your average wealthy divorcee.
00:05
Obviously, she's worth billions at this point, post-divorce,
00:09
but she's also one of the most influential women in the country right now.
00:12
She works alongside Michelle Obama, McKenzie Scott, and other women in power
00:17
who are really trying to give back to communities who deserve a little bit more.
00:21
I'm Jordan Hart. I'm a tech reporter here at Business Insider,
00:24
and today we're going to be spilling the tea on Melinda French-Gates.
00:28
French-Gates found her love for computer science all the way back in Catholic school
00:32
when they brought in Apple computers for the students to try,
00:35
and she was quickly fascinated by the coding and, like, the logical puzzle that it all presented to her.
00:41
French-Gates would then go on to get her bachelor's and her master's from Duke University.
00:45
Microsoft recruited French-Gates in 1987, and shortly after that,
00:50
she met Bill Gates for the first time at a company dinner.
00:53
He'd asked her out, like, two weeks in advance, and she said no.
00:56
He may not have been spontaneous enough for her,
00:59
so he asked her out for that night, and that time she said yes.
01:03
So the couple dated for, like, seven years, and they kept a pretty low profile at Microsoft.
01:08
The couple were married in 1994 on a golf course in Hawaii
01:11
in a wedding that reportedly cost about a million dollars.
01:14
That's probably because Gates booked all of the hotel rooms and all of the helicopters during their wedding
01:19
so they could keep it as private as possible and avoid anyone flying over trying to snap photos of the wedding.
01:25
French-Gates eventually left Microsoft to focus on raising their children.
01:28
The couple shared three kids in total, two daughters and one son.
01:32
And Bill Gates is hailed as this, like, tech godfather,
01:35
but he and French-Gates ultimately decided to not let their kids have phones until they were 14 years old.
01:40
And that's not the only thing that's a little bit different about their parenting style.
01:43
They've also spent $37 million on properties so their daughter Jennifer could practice show jumping
01:49
and eventually become a nationally ranked equestrian.
01:52
So when you're a billionaire, you definitely have some millions to spare.
01:55
So they weren't spending it all on lavish properties for their kids to practice all of their interests.
02:00
They were also trying to figure out how they could give back.
02:03
During a trip to Africa in 1993, the couple witnessed poverty and extreme disparity
02:08
between the healthcare there and the healthcare that they're used to seeing in the U.S.
02:12
When we were engaged, Bill and I talked about the fact that this wealth would go back to society.
02:17
And that's how the Bill and Melinda Gates Foundation began.
02:20
It's gone on to become one of the biggest philanthropic organizations in the U.S.
02:23
and richer than even some countries.
02:26
The couple got divorced in 2021.
02:28
So there are a few factors that could have contributed to this divorce.
02:30
French-Gates has said in the past that she did not like that Gates had a relationship
02:34
with disgraced financier Jeffrey Epstein.
02:38
She said she advised him to break it off.
02:40
And then there's also the fact of an affair with a Microsoft employee, which Gates has publicly acknowledged.
02:46
Even though their breakup sounds a little messy,
02:48
they kept a really good professional relationship, it seems,
02:50
and they were able to still get work done at the foundation.
02:53
In the years since her divorce, French-Gates says she's dating again.
02:56
No specifics.
02:58
She's moved out of the $100 million-plus compound, Xanadu 2.0,
03:03
and into her own smaller property that she said she loves.
03:07
She's left the Gates Foundation earlier this year.
03:09
Since leaving the foundation, French-Gates is charting her own course in philanthropy now at Pivotal Ventures.
03:14
She's focused on getting women in power, helping them achieve equality, and reproductive rights.
03:20
If you lift up women, you lift up everybody else.
03:23
And French-Gates is accomplishing that by putting money towards contraceptives for women
03:27
and donating to candidates who champion abortion rights like Kamala Harris.
03:31
French-Gates has come a long way from being a product manager at Microsoft,
03:35
and her story may sound a little bit similar to another tech founder's ex-wife,
03:38
Mackenzie Scott, ex-wife of Amazon founder Jeff Bezos.
03:42
She got billions in their divorce, and she pledged to give away billions as a result.
03:48
There's a really palpable string between the two.
03:51
They can make decisions based on what they want to do
03:54
and support causes that truly mean something to them
03:57
instead of kind of having to conform to a role that they feel like maybe they were placed in
04:03
as a result of being a wife of a high-powered billionaire tech exec.
04:13
You're right. You're right.
04:15
You're right. You're right.
04:17
You're right.
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