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Melinda French Gates exits philanthropic foundation with $18.9b

Sophie Alexander
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New York | Melinda French Gates is stepping down as co-chair of the $US75 billion ($114 billion) foundation she helped run with her former husband, Bill Gates.

Her last day will be June 7 and she’ll receive an additional $US12.5 billion ($18.9 billion) to use for her own charitable purposes as part of an agreement with her ex-husband, Ms French Gates said on Monday (Tuesday AEST) in a statement.

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