Bill and Melinda Gates Will Split Their Property According to a ‘Separation Contract’

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Bill Gates and Melinda Gates
Bill Gates and Melinda Gates

Bill and Melinda Gates divorce news has probably shocked many followers of the Microsoft founder Bill. The couple announced Monday that they’re putting an end to their 27 years of marriage. The philanthropist couple said that they have a “separation contract”.

Bill Gates co-founded Microsoft (NASDAQ: MSFT) and owns 1% of its shares, worth about $146 billion according to Bloomberg Billionaire Index. Gates is currently the 4th wealthiest person in the world after Jeff Bezos, Elon Musk, and Bernard Arnault respectively. Therefore, the divorce settlement could be the largest in history.

The divorce filings of the Gates couple questioned whether the two had signed a community property agreement, prenup, or separation contract. Bill and Melinda responded that they have a separate contract. The two want the court to enforce the contract but they haven’t mentioned anything about a prenup.

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A prenup is a legal agreement that couples sign ahead of their marriage. The paper decides on what would happen to the couple’s assets if they divorce or one of them dies.