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Bill and Melinda Gates ending 27-year marriage
Bill and Melinda Gates announced their divorce on Twitter. FOX Business' Maria Bartiromo, Dagen McDowell and Jon Hilsenrath of the Wall Street Journal with more.
Microsoft founder BillGates and his wife Melinda announced plans to end their 27-year marriage on Monday.
BILL AND MELINDA GATES TO DIVORCE
The high-profile split, with Gates' fortune estimated at over $130 billion per Forbes, raises questions about how their assets may be divided — an that includes U.S. land.
Earlier this year they became the largest owner of farmland in the United States, according to Land Report.
TheLand Report researchers concluded that Gates, now the fourth richest man in the world, and his wife, Melinda, own 242,000 acres of farmland.
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They own roughly 52,000 more acreagethan the Offutt family, which sitsat No. 2 on Land Report's list of families who own the mostfarmland in the U.S.
In total, Bill and Melinda Gates have acquired land in more than a dozen states. However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres), Arizona (25,750 acres) and Washington state (16,097).
Bill Gates speaks during the 2019 New Economy Forum at China Center for International Economic Exchanges on Nov. 21, 2019. (Hou Yu/China News Service/VCG via Getty Images) ()
According to Land Report's research, Gates and his wife hiredformer Putnam Investments bond fund manager Michael Larson in 1994 to help them diversify their personal assets.
These investments included astake in AutoNation, the Charles Hotel in Cambridge, Mass., the Four Seasons in San Franciscoand upwardof 100,000 acres of farmland in various states, Land Report said, citing a2014 profile of Larson in TheWall Street Journal.
However, Land Report's latest findings show that the 100,000 figure has since surged to more than twice that amount.
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Although Gates is widely known as the man behind tech behemoth Microsoft, he is no stranger to agriculture.
Since the early 2000s, Gates and his wife have made the foray into the agriculture space through numerous investments to support farmers in the developing world.
In 2008, The Bill & Melinda Gates Foundation announced $306 million in grants designed to boost the yields and incomes of millions of small farmers in Africa as well as "other parts of the developing world so they can lift themselves and their families out of hunger and poverty."
The foundation also teamed up with the Department for International Development (DFID) to supportagricultural research projects in developing countries in order to help small farmers increase their yields and incomes.
Roughly a year ago, Gates created the nonprofitGates Ag Oneto further their goals of supporting agriculture in developing countries.
This article, originally published on January 15, 2021, has been updated.
