Bill and Melinda Gates are not divorced yet, but the couple has begun the process of distributing assets.
As a result, Melinda French Gates is now a billionaire.
The company that invested Bill Gates transferred more than 2 billion worth of shares in the name of Stock Melinda in a few days.
On May 3, 1.8 billion in securities were transferred to Melinda.
That is the day when the couple suddenly announced their separation after 27 years of marriage.
Another $50 million worth of shares have now been handed over to Melinda Gates.
This investment company is the most important asset of Cascade Investment Bill Gates who manages, buys or sells his wealth, shares, properties etc.
There was a time when most of the shares of Microsoft were owned by Bill Gates but he donated or sold them to the Gates Foundation and now these shares are less than one percent.
The transfer of shares by Bill Gates is part of the divorce case.
According to the petition filed in the court, the couple has asked the judge to distribute their assets under a separation contract.
This agreement usually occurs when a couple is separated but not divorced, the terms of this document have not yet been revealed.
According to a report, Melinda Gates could become the second richest woman in the world with a fortune of 73 billion if she divorces her husband.
Bill Gates has assets of close to 146 billion and in the event of a divorce, the two could split 50-50.
The divorce petition also revealed that the couple, who tied the knot in 1994, had not entered into a prenuptial agreement and divided assets equally on the basis of divorce under Washington state law.
However, it will depend on the terms of the separation contract and what is agreed upon in the event of a divorce.
The divorce proceedings of Bill Gates and Melinda Gates could take up to a year to complete.
