Bill Gates is transferring assets to his estranged wife Melinda French Gates, making her a billionaire of her own.
Bill'sCascade Investment, transferred $1.8 billion in securities to Melinda on Monday, the same day the couple publicly announced their divorce.
After the transfer, Bill's net worth itself has witnessed a dent from $130.4 billion to $128.6 billion. However, the transfer has not impacted the Tech giant's standing as the 4th richest man in the world.
Bill Gates and Melinda Gates took to their social media platforms and released a joint statement on May 3, announcing that they have decided to part ways after three children and 27 years of marriage.