Lawstreet Journal

Bill and Melinda Gate sell bulk of Apple and Twitter shares ahead of Divorce

Lawstreet Journal 27 May 2021 7:21pm

Image courtesy: Lawstreet Journal Business Bill and Melinda Gate sell bulk of Apple and Twitter shares ahead of Divorce

Earlier this year, Bill and Melinda Gates announced the news of them getting divorced. Their foundation has now reportedly sold shares worth millions of dollars prior to the divorce.

The Bill & Melinda Gates Foundation's trust sold their entire stake in Apple and Twitter near the end of May, as per Securities and Exchange Commission filings first reported by Barron's on Sunday. Bill is one of the wealthiest people on the planet, with a net worth of $146 billion.

A prenuptial contract provides a binding agreement in the case of a divorce, but a separation settlement is less formal, it's a legal agreement that specifies each party's rights and responsibilities, such as child support and custody, without the need for a court hearing. As of now, no legal agreement has been signed between Bill and Melinda Gates.

In their divorce filing, the Gates claimed that their marriage was "irretrievably broken" and proposed that their assets be distributed according to the separation agreement.

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Tagged: Bill Gates   Melinda Gates   Apple   Twitter  
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