With the Bill and Melinda Gates divorce bombshell still echoing, so begins the process of divvying up the fourth-largest fortune in the world. AdvertisementValued at more than $130 million, the tech-heavy mansion — dubbed Xanadu 2.0 — spans 66,000 square feet and racks up a yearly property tax bill of more than $1 million. The 66,000-square-foot mansion is valued at more than $130 million and racks up a yearly tax bill of more than $1 million. “It’ll be an interesting battle.”AdvertisementRoy Doppelt, an attorney at Doppelt & Forney in San Diego, said three complications could arise while splitting up the homes: property management, property valuation and property distribution. The Gateses’ divorce documents request a trial date for April 2022, but Doppelt predicts they’ll pursue private mediation to stay out of the public courts.

Source: Los Angeles Times May 04, 2021 20:20 UTC