Bill Gates and Melinda French Gates are shaking up control of their $50 billion foundation, one of the world’s most powerful philanthropic organisations, fulfilling a promise made after they announced their split last year. “We are honored that these three deeply knowledgeable and respected individuals have agreed to join the foundation board,” Suzman, 53, said in a statement on Wednesday. Gates has already transferred billions of dollars of stock in companies to French Gates, who’s building up her own philanthropic investment firm Pivotal Ventures. Edgar Villanueva, founder of the Decolonizing Wealth Project, said this is particularly important for the Gates Foundation because of its global influence. Tierney founded Bridgespan in 2000 -- around the time the Gates Foundation was formed -- after running management consultancy Bain & Co.

Source: News 24 January 31, 2022 05:45 UTC