While divorce is always upsetting for the children involved, Bill and Melinda Gates' children are set to have a seriously handsome sum of money to brighten their moods.
Here's the full story...
Now, the news of the elusive couple's divorce last week sent shockwaves all across the world.
Bill and Melinda have been married since 1994, and they have accomplished a hell of a lot together, including setting up the Bill and Melinda Gates Foundation, which aims to reduce poverty and enhance healthcare in the United States.
They're also known for being incredibly generous...
Having donated hundreds of millions of dollars over the years to numerous charities and organizations around the world.
However, behind closed doors, things weren't as idyllic as they seemed.
On Monday, May 3rd, Bill announced that he and Melinda will be getting divorced.
Sharing a statement across their social platforms, the couple wrote this:
"After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage. Over the last 27 years, we have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives. We continue to share a belief in that mission and will continue our work together at the foundation, but we no longer believe we can grow together as a couple in this next phase of our lives. We ask for space and privacy for our family as we begin to navigate this new life."
Of course, speculation surrounding the end of their marriage has been rife...
Though the majority of people have been talking about one thing and one thing only - their assets.
It's no secret that the couple accumulated vast wealth throughout the duration of their marriage.
Bill Gates is one of the world's richest billionaires, with Wealth-X, a global high net worth intelligence and data company, estimating his net worth to be at least $134.1 billion.
Though his success began with Microsoft, his shares in the company now only represent 19.6% of his wealth...
Much of his money is now tied to the Bill and Melinda Gates Foundation, but the exact amount hasn't been disclosed.
Because of the Foundation, the division of assets between Bill and Melinda may be much more complicated.
Court documents show that they have a separation agreement, but terms have not been made public.
There's reportedly no prenup between the pair...
Which means a 50/50 split of assets is more than likely.
And, on the day their impending divorce was announced, Bill bestowed an eyewatering sum upon his soon-to-be ex-wife.
On May 3rd, Bill's investment vehicle, Cascade Investment, allegedly transferred $1.8 billion worth of stocks to Melinda, according to SEC filings.
That must've softened the blow, right?
But what about Bill and Melinda's 3 - now grown - children?
Well, despite how upsetting the news of their parent's separation must be for them, it was recently announced that Jennifer, twenty-five, Rory, twenty-one, and Phoebe, eighteen, will each be given a very comforting sum of money.
Of course, people have had a lot to say about the news...
@DegheeleDenis how will they ever make it :(— Avani (@messziah) May 11, 2021
Those poor kids. I wish I could start a gofundme for them— Natasha (@dramadelinquent) May 11, 2021
I wonder what it’s like to be them, they must live in a completely different world compared to everyone else— 𝐄𝐥𝐥𝐞 (@CHERRYH3AVEN) May 11, 2021
I got absolutely nothing in my parent’s divorce 🥲— 💀 (@chrisbagneris_) May 10, 2021
How will they ever survive???— Jᴇғғ Tᴜᴛᴛʟᴇ 🇺🇸 (@JRTuttle4) May 9, 2021
Damn, my parents are getting divorced but I didn't get no settlement money 😳✋— ⚓ everyNATION⁷ ⟭⟬❁ (@Goodcontent4me) May 11, 2021
Fox Business broke the story, citing a 2014 Ted Talk with Bill and Melinda.
When the host noted that the pair easily had enough money to make all of their children billionaires, Bill said that was not their plan.
"They won't have anything like that. They need to have a sense that their own work is meaningful and important," he said.
And, during an interview with The Daily Mail in 2011, Bill was asked about reports that he planned to each child $10 million – and while he did not confirm the exact number, he did say that it would be a "minuscule portion" of his wealth.
He made similar comments on Reddit.
"I definitely think leaving kids massive amounts of money is not a favor to them," Bill said in response to a Reddit user's comment on the $10 million figure. "Warren Buffett was part of an article in Fortune talking about this in 1986 before I met him and it made me think about it and decide he was right. Some people disagree with this but Melinda and I feel good about it."
An exact sum is yet to be confirmed.
Still, $10 million is better than nothing, isn't it?