Microsoft founder Bill Gates dropped from fourth to fifth place in the ranking of the richest people in the world according to Forbes after a divorce agreement, he transferred his ex-wife Melinda of the shares.
Gates’ fortune now stands at $129.6 billion, according to the publication, ahead of Facebook founder Mark Zuckerberg.
According to Forbes, Cascade Investment, the fund that manages Gates’ investments, gave Melinda Gates $2.4 billion worth of stock last week in addition to the more than $3 billion worth of stock she already transferred in May. Among other things, Melinda received shares of the Canadian National Railway Company, Automation, the Mexican companies Coca Cola Femsa and Grupo Televisa.
It is not yet clear how much in total the ex-wife of the Microsoft founder will get after the divorce, as she may also receive additional assets, such as shares in private companies or real estate. Details on the division of property are spelled out in the agreement, its terms are not disclosed.
It became known in early May that Bill and Melinda Gates had decided to divorce after 27 years of marriage.