Posted by Amarachi on Tue 03rd Aug, 2021 - tori.ng
The marriage dissolution was finalized by a judge on Monday in King County Superior Court, Seattle, Washington.
Microsoft founder, Bill Gates and Melinda French Gates are now officially divorced, three months after they publicly announced the end of their 27 year-old marriage.
Washington laws stipulate a 90-day waiting period between when a divorce is filed and finalized.
TMZ earlier reported the official conclusion of the marriage.
The marriage dissolution was finalized by a judge on Monday in King County Superior Court, Seattle, Washington, according to court records, which detailed that neither party will receive “spousal support” or change their names.
The judge ordered the Gates to divide their property according to the terms of a separation contract, which remains confidential under the terms of the divorce.
The couple filed for divorce on May 3 after 27 years of marriage, but pledged to continue their philanthropic work together.
The Gates said at the time that they had reached agreement on how to divide their marital assets.
More than $3 billion worth of shares held by Gates’s Cascade Investment has been transferred to French Gates’s name.
That’s a fraction of their $146 billion fortune at the time of the announcement, according to the Bloomberg Billionaires Index.
Gates, 65, is now worth more than $150 billion, according to the index.
In the months following the divorce announcement, there’s been intense focus on the future of the Bill and Melinda Gates Foundation, which the divorced couple run.