Bill & Melinda Gates Foundation sold all its shares of Apple and TwitterEuropost
Weeks before Bill and Melinda Gates announced their divorce in early May, the foundation bearing their names sold off hundreds of millions of dollars' worth of stock in Apple and Twitter, Business Insider reported.
Securities and Exchange Commission filings from the Bill & Melinda Gates Foundation, first reported by Barron's on Sunday, revealed that the foundation's trust had sold its entire stakes in Apple and Twitter as of the end of March.
Bill and Melinda reportedly don't have a prenuptial agreement and are relying on a "separation contract" to divide assets. A prenuptial agreement establishes a contractual agreement in the event of a divorce, but a separation contract is less formal - it's a legal agreement that stipulates each party's rights and obligations, like child support and custody, that doesn't involve a court.
The Gateses' divorce filing said their marriage was "irretrievably broken" and asked that their assets be split according to the separation contract. Altogether, since the divorce announcement, about $4bn in stock has been already transferred from Bill to Melinda. Bill is one of the world's richest people, with a net worth estimated at about $146bn.