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- Bill Gates and his wife of 27 years, Melinda French Gates, are getting a divorce.
- Gates, the cofounder of Microsoft, has a fortune worth $130.5 billion.
- Gates indulges in a few luxuries, but he mainly spends through the Bill & Melinda Gates Foundation.
- Visit Business Insider's homepage for more stories.
Bill and Melinda Gates are ending their 27-year marriage.
The couple announced the news in a statement posted to Twitter on Monday, saying that while they plan to continue working together at the Bill & Melinda Gates Foundation, they no longer believe they can continue growing as a couple.
Gates, who cofounded Microsoft with Paul Allen in 1975, is worth $130.5 billion, according to Forbes. He's one of only eight moguls worth over $100 billion and is currently the fourth-richest person in the world.
Gates has made some lavish purchases over the years: He owns a Washington estate worth $125 million, a private airplane, and a luxury-car collection. More recently, he dropped $43 million on a 5,800-square-foot home in Del Mar, California. But these indulgences make up only a fraction of his massive fortune, and Gates isn't known to throw his money around.
In fact, the couple previously said it's unfair they're so rich. Instead of spending billions on themselves, they often donate it to charity through the Bill & Melinda Gates Foundation. They've also pledged to give away most of their fortune through the Giving Pledge, which they launched in 2010.
Keep reading for a look at how Gates spends his billions.
Taylor Nicole Rogers contributed to an earlier version of this story.
Bill Gates speaking at an event in Washington, 2014.
Chip Somodevilla/Getty Images
Source: ForbesHe long held the title as the world's second-richest person until Elon Musk unseated him in November 2020.
Microsoft founder, Co-chair of the Bill & Melinda Gates Foundation, Bill Gates, on October 9, 2019.
Ludovic Marin/AFP via Getty Images
Source: Business InsiderNow, Gates is the world's fourth-richest person and part of a eight-man club of people currently worth more than $100 billion.
CBS Photo Archive/Getty Images
Source: Business InsiderGates has invested in a variety of stocks and assets and launched a $1 billion investment fund, Breakthrough Energy, with 20 others.
Jamie McCarthy/Getty Images for Bill & Melinda Gates Foundation)
Source: ForbesDespite his massive fortune, Gates previously told Ellen DeGeneres that when he became a billionaire at age 31 (history's youngest billionaire at the time), he didn't go on a spending spree.
Bill Gates on "Ellen."
Source: Business InsiderBut he has indulged in things over time, he said, like a private plane.
Scott Olson/Getty Images
Source: Business InsiderIt's been reported that Gates owns a Bombardier BD-700 Global Express, which costs $40 million and can seat up to 19 people.
A Bombardier private jet, though not the one Gates owns.
Thomas Pallini/Business Insider
Source: Business InsiderGates also spent a lot on his estate, Xanadu 2.0, in Medina, Washington. It took him seven years and $63 million to build. He purchased the lot for $2 million in 1988.
This aerial photograph taken on July 13 shows Bill and Melinda Gates' home in Medina, Washington which cost more than $60-million and four-years to build.
Source: Business InsiderAt 66,000 square feet, his home is worth about $125 million today.
Dan Callister / Getty Images
Source: Business InsiderIn 2017, he paid $1,041,292.55 in property taxes on it, according to public filings.
An outside deck is shown at the home of Microsoft Chairman Bill Gates Tuesday, April 18, 2006, in the Seattle suburb of Medina, WA.
AP Photo/Ted S. Warren, Pool
Source: Business InsiderThe estate has a trampoline room, which Gates told DeGeneres his three kids love.
Shutterstock Rex for EEM
Source: Business InsiderThere are roughly $80,000 worth of computer screens sitting around the house.
Lucas Jackson/AP Images
Source: Business InsiderDevices worth $150,000 can display different paintings or photographs on the screens at a single touch. However, there are real paintings on the wall as well - like the Winslow Homer painting Gates purchased for $36 million in 1988.
P. S. Burton / Wikimedia Commons
Source: Business InsiderThere's also a 60-foot pool - in its own separate, 3,900 square-foot building.
Ted Soqui/Corbis/Jamie McCarthy/Getty Images
Source: Business InsiderThat's not to mention the 2,100-square-foot library, home to a 16th-century Leonardo da Vinci manuscript that Gates bought at auction for $30 million in 1994.
Image Courtesy ©bgC3
Source: Business InsiderGates reportedly pays to have sand imported from St. Lucia in the Caribbean to the shore surrounding his house.
Kids play in the water on the beach of Rodney Bay in St. Lucia.
Source: Business InsiderIn addition to a home theater for 20 guests, six kitchens, and 24 bathrooms, Gates' house has various garages for 23 cars.
Ted Soqui/Corbis via Getty Images
Source: Business InsiderIt's perfect for Gates, an avid luxury-car collector. His first big splurge after founding Microsoft was a Porsche 911 supercar, he told DeGeneres. He later sold it, and it was auctioned for $80,000.
A Porsche 911.
Fabrice Coffrini/AFP/Getty Images
Source: Business InsiderBut that wasn't Gates' last Porsche - he also has a Porsche 959 in his car collection.
Bill Gates and a 1988 Porsche 959, not Gates' actual car.
Toru Hanai/Reuters and Valder137/Wikimedia/CC 2.0 https://commons.wikimedia.org/wiki/File:Porsche_959_1988_LSideFront_PorscheM_9June2013_(14825961500).jpg
Source: Business InsiderOutside of his Washington pad, Gates also has a 4.5-acre vacation ranch in Wellington, Florida, with a 12,864-square-foot mansion. He reportedly dropped $27 million to buy a whole string of properties in the area. The area is hotspot for wealthy equestrians.
Horses in a corral, though not at Gates' ranch.
Joe Raedle/Getty Images
Source: Business InsiderHis daughter, Jennifer, is an accomplished equestrian, and he bought the property to support her passion.
Nati Harnik/AP Images
Source: Business InsiderIn California, he owns the 228-acre Rancho Paseana, which he purchased for $18 million. It includes a racetrack, orchard, and five barns.
Creative Touch Imaging Ltd./NurPhoto via Getty Images
Source: Business InsiderHe added to his California real estate portfolio in 2020, dropping $43 million on an oceanfront home in Del Mar, California. It has six bedrooms, a 10-person Jacuzzi, and a swimming pool.
Del Mar, California.
Source: The Wall Street JournalHe also reportedly purchased a 492-acre Wyoming ranch, which listed for $8.9 million back in 2009.
Lee Cohen/Getty Images
Source: Business InsiderBut Gates' real-estate portfolio doesn't end there.
Scott Olson / Getty ImagesHe's made numerous investments through his personal investment firm, Cascade, including partial ownership of Charles Hotel in Cambridge, Massachusetts.
Richard T. Nowitz/Getty Images
Source: Business InsiderHe reportedly owns nearly half of the Four Season Holdings' hotel chain through Cascade, including hotels in Atlanta and Houston. Gates shares 95% ownership with Prince Alwaleed bin Talal of Saudi Arabia.
KEVORK DJANSEZIAN/AP Images
Source: The Wall Street JournalIn 2013, Gates and several unnamed buyers paid $161 million for the Ritz-Carlton in San Francisco. As of 2014, it was reportedly worth $200 million.
Source: The Wall Street JournalWhen he's not busy buying real estate or working, Gates needs a vacation or two to unwind. He's traveled to Australia and Croatia ...
Baska Voda, a tourist town on the Makarska Riviera, Dalmatia, Croatia.
Source: Travel + Leisure, Forbes... and Belize and the Amazon in Brazil.
Belize is known for its sandy beaches and warm weather.
Philippe Royer / Gamma-Rapho via Getty Images
Source: Travel + Leisure, ForbesHe's also treated his family to a Mediterranean vacation on board the 439-foot superyacht Serene, which he chartered for $5 million a week. It included a helicopter.
The superyacht Serene is pictured at Auckland's Wynyard Wharf in Auckland, New Zealand.
Phil Walter/Getty Images
Source: The Daily MailHe previously said that he likes to play tennis and go skiing. He's also been spotted spectating at tennis matches.
Clive Brunskill/Getty Images
Source: The TelegraphBut Gates' downtime isn't always so adventurous. He's an avid reader, having indulged in quite the book collection.
Source: Business InsiderHe's also an "avid bridge player," as he once told Reddit.
Source: Business InsiderGates hates to shop for himself, but did admit that he likes to "buy nice things" for Melinda.
Justin Sullivan/Getty Images
Source: CNBCHowever, he once told Reddit that he doesn't like overspending on clothes and jewelry.
Afolabi Sotunde / Reuters
Source: CNBCBut Gates' splurges are only a fraction of his massive fortune. He previously told The Telegraph, "I have no use for money." Instead, he often donates to or invests his money in good causes.
John Lamparski/Getty Images
Source: The TelegraphGates previously invested in Amyris, a synthetic-biology company that originally produced precursors to malaria drugs and hydrocarbon-based biofuel. Today, it focuses on health through fragrances, skincare, and sweetener.
Bill Gates speaks ahead of former U.S. President Barack Obama at the Gates Foundation Inaugural Goalkeepers event on September 20, 2017 in New York City.
Yana Paskova/Getty Images
Source: Business InsiderIn November 2017, Gates invested $50 million into Alzheimer's research.
Yana Paskova/Getty Images
Source: Business InsiderHe continued these efforts by recently investing $30 million with a group of investors into the Diagnostics Accelerator, a "venture philanthropy" fund to diagnose Alzheimer's earlier.
Microsoft co-founder Bill Gates, speaks at the Bloomberg Global Business Forum in New York City, U.S., September 20, 2017.
Source: Business InsiderGates and Melinda have been huge on philanthropy. They were recently named the most generous philanthropists in the US by The Chronicle of Philanthropy, having donated more than $36 billion to charitable causes through the Bill & Melinda Gates Foundation.
Jamie McCarthy/Getty Images
Source: Business InsiderGates agreed to give away most of his fortune through the Giving Pledge, which he launched in 2010.
Melinda (L) and Bill Gates attend a session at the Congress Center during the World Economic Forum (WEF) annual meeting on January 23, 2015 in Davos.
FABRICE COFFRINI/AFP via Getty Images
Source: Business InsiderThe Gateses have spent money traveling for their charity work. They donated more than $2 billion in 2016 to causes related to global health and development and US education. In 2017, they donated $4.78 billion, mostly to projects run by the Gates Foundation.
Kevork Djansezian/Getty Images
Source: Travel + LeisureThey've pledged about $2 billion to defeat malaria, donated more than $50 million to fight Ebola, and pledged $38 million to a Japanese pharmaceutical company working to create a low-cost polio vaccine.
A girl gets inoculated with an Ebola vaccine on November 22, 2019 in Goma, the Democratic Republic of the Congo
Pamela Tulizo/AFP via Getty Images
Source: Business InsiderThe Gates Foundation has also committed at least $2.5 billion to the GAVI Alliance, which works to improve access to vaccines in poor countries.
A nurse prepares the measles, mumps and rubella vaccine in 2019.
Johannes Eisele/AFP via Getty Images
Source: Business InsiderBill and Melinda also prioritize education. The Gates Foundation established the Gates Millennium Scholars Program, which has received $1.6 billion.
Justin Sullivan/Getty Images
Source: Business InsiderIt also partnered with the Dangote Foundation in 2016 to spend $100 million on eliminating malnutrition in Nigeria.
Frank Augstein / Associated Press
Source: Business InsiderThroughout 2020, the Gates Foundation was active in the global COVID-19 response, pledging $100 million to help fight the pandemic. A major portion of those funds were used for vaccine development.
A patient receives an injection of the Oxford/AstraZeneca COVID-19 vaccine.
BEN STANSALL/AFP via Getty Images
Source: Business InsiderWhen it comes to the future of his fortune, Gates is leaving $10 million to each of his children, a fraction of his net worth.
Bill Gates with his daughter, Jennifer, and his wife, Melinda.
Yana Paskova/Getty Images
Source: Business Insider
By: [email protected] (Hillary Hoffower,Avery Hartmans)
Title: Bill and Melinda Gates are ending their 27-year marriage. Here's how the Microsoft cofounder spends his $129 billion fortune, from a luxury-car collection to incredible real estate.
Sourced From: feedproxy.google.com/~r/businessinsider/politics/~3/_05xHbUXk8Y/billionaire-bill-gates-net-worth-spending-2018-8
Published Date: Mon, 03 May 2021 22:30:45 +0000