After 27 years of marriage, Bill and Melinda Gates are divorcing. The billionaire couple, who have three children together, announced the news on social media on Monday.
"After a lot of thought and a lot of work on our relationship, we have made the decision to end our marriage," the couple wrote in identical tweets on their personal Twitter accounts.
"We no longer believe we can grow together as a couple in this next phase of our lives."
Scroll through our gallery above to see more photos of Bill and Melinda Gates through the years.
Bill, who co-founded Microsoft and is one of the wealthiest people in the world, and his wife established the Bill and Melinda Gates Foundation in 2000.
The philanthropic organisation has made contribution to fighting poverty and disease around the world and had a net asset of $43.3 billion at the end of 2019, according to the last public record shown on its website.
Despite the split, the couple have pledged to continue their charitable work together. In the past, the Gates have supported widely praised programmes in malaria and polio eradication as well as focused on public health, climate change and education.
According to their website, since 2000, the foundation has spent more than $53.8bn through its initiatives, with the couple donating $20bn from Microsoft stock towards the organisation. Investor Warren Buffett has also donated more than $2bn of stock as part of previously-announced plans to give away his entire fortune before his death.
In 2020, the foundation partnered with UK research charity Wellcome and Mastercard to establish the Covid-19 Therapeutics Accelerator to quicken the development of new and repurposed drugs to help treat coronavirus patients, committing $1.75bn towards that goal.
After the World Health Organisation appealed for funding, the Gates Foundation also pledged an extra $150m on top of the $100m they had already donated to help the fight against the coronavirus.
Here's a look back at other five initiatives the couple have championed and aided over the years:
The Gates Cambridge Scholarship
Established in 2000 with a $210m donation from the foundation, the Gates Cambridge Scholarship exists to financially support outstanding students who are studying at the University of Cambridge, one of the most prestigious universities in the world. The scholarship is also one of the most competitive with only 0.3 per cent of applicants being awarded. Scholarships cover the cost of a postgraduate degree with more than 1,800 students from more than 110 countries being award since its creation.
The Gates Millennium Scholars Programme
The foundation has another programme that aids students in higher education. The Gates Millennium Scholars Programme was created in 1999 and is funded by a $1.6bn grant from the Bill and Melinda Gates Foundation. The goal is to help increase the number of minority students graduating university with a degree in science or other similar disciplines. Helping reduce financial barriers for people of colour, the programme has helped more than 20,000 high-achieving students.
Sound Families Initiative
Another project launched by the couple addressed family homelessness in the Puget Sound region in Washington state in the US. Between 2000 to 2008, through a $40m grant, the initiative helped provide housing for households that earned less than $16,000 a year and built more than 1,450 transition homes for families during that time period.
Supporting farmers in Africa and Asia dealing with climate change
Another venture taken on by the foundation includes a $300m pledge over three years from 2018 to 2000 to help support agricultural research that helped some of the world's poorest farmers better adapt to increasing challenges brought about by climate change, such as rising temperatures, droughts and flooding and attacks on crops from pests.
Helping aid during global disasters
The foundation made total donations of $3m to various charities to help aid effort for the victims of the 2004 Indian Ocean earthquake that was registered at a magnitude of 9.1 to 9.3, the third-largest ever recorded. It also donated $500,000 to the 2005 Kashmir earthquake that was considered one of the deadliest to hit South Asia. In 2014, it released “flexible funds” to UN agencies and organisations of $50m to fight against Ebola in West Africa.
Company Profile:
Name: The Protein Bakeshop
Date of start: 2013
Founders: Rashi Chowdhary and Saad Umerani
Based: Dubai
Size, number of employees: 12
Funding/investors: $400,000 (2018)
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
AL%20BOOM
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'Shakuntala Devi'
Starring: Vidya Balan, Sanya Malhotra
Director: Anu Menon
Rating: Three out of five stars
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
THE CARD
2pm: Maiden Dh 60,000 (Dirt) 1,400m
2.30pm: Handicap Dh 76,000 (D) 1,400m
3pm: Handicap Dh 64,000 (D) 1,200m
3.30pm: Shadwell Farm Conditions Dh 100,000 (D) 1,000m
4pm: Maiden Dh 60,000 (D) 1,000m
4.30pm: Handicap 64,000 (D) 1,950m
UAE rugby season
FIXTURES
West Asia Premiership
Dubai Hurricanes v Dubai Knights Eagles
Dubai Tigers v Bahrain
Jebel Ali Dragons v Abu Dhabi Harlequins
UAE Division 1
Dubai Sharks v Dubai Hurricanes II
Al Ain Amblers v Dubai Knights Eagles II
Dubai Tigers II v Abu Dhabi Saracens
Jebel Ali Dragons II v Abu Dhabi Harlequins II
Sharjah Wanderers v Dubai Exiles II
LAST SEASON
West Asia Premiership
Winners – Bahrain
Runners-up – Dubai Exiles
UAE Premiership
Winners – Abu Dhabi Harlequins
Runners-up – Jebel Ali Dragons
Dubai Rugby Sevens
Winners – Dubai Hurricanes
Runners-up – Abu Dhabi Harlequins
UAE Conference
Winners – Dubai Tigers
Runners-up – Al Ain Amblers
Director: Jon Favreau
Starring: Donald Glover, Seth Rogen, John Oliver
Rating: 2 out of 5 stars
Honeymoonish
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UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Name: Akeed
Based: Muscat
Launch year: 2018
Number of employees: 40
Sector: Online food delivery
Funding: Raised $3.2m since inception
The years Ramadan fell in May