Melinda Gates Calls Her Wealth 'Absurdity,' Plans to 'Give it Away'
Melinda French Gates, the ex-wife of Bill Gates, has amassed an enormous amount of wealth over the years. But it sounds like she has a pretty simple plan of what to do with it: give it away.
With an estimated net worth of $30.4 billion, according to Forbes' Billionaires List, Melinda Gates is one of the wealthiest women on the planet.
During a recent interview with People Magazine, Melinda opened up about "the absurdity of so much wealth being concentrated in the hands of one person.' The multi-billionaire went on to explain that she feels a responsibility to give it away to those in need.
'I believe the only responsible thing to do with these resources is to give it away — as thoughtfully and impactfully as possible,' Melinda told People Magazine. 'One of my core values has always been to whom much is given, much is expected.'
Last year, Melinda left the Gates Foundation, which she founded with her ex-husband Bill Gates. She said that the move was to focus on her own philanthropic efforts with Pivotal Ventures.
She told People Magazine that she is 'incredibly proud' of what Pivotal has been able to accomplish over the past 10 years, specifically when it comes to helping women.
'The organizations we support have removed so many barriers holding back women and families,' she says. 'They're making caregivers' lives easier. They're helping young people find mental health services that work for them. They're getting more women into positions of power.'
'Every day, our partners are proving that when women and families thrive, society flourishes,' she continued.
Clearly, she understands that she has some major opportunities with her fortune, and she wants to put the money to good use to help others.
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