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Children to Inherit $10m As Bill and Melinda Gates Go Separate Ways – Report

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After Bill and Melinda Gates’ divorce documents revealed the couple never had a prenup, many are wondering how the couple, with a combined net worth of $130 billion, will split their assets.

Gates, the world’s fourth-richest man, has spoken in the past about how each of his three children will only inherit about $10 million of his fortune, The SUN reports.

When asked about rumors that he would only leave his three children — Jennifer, Rory, and Phoebe — $10million each during a Reddit AMA session in 2013, Gates explained that it was for their benefit.

“I definitely think leaving kids massive amounts of money is not a favor to them,” he said.

He and Melinda share three children and founded the Bill and Melinda Gates Foundation in 2000 to address several major global issues.

The couple has donated $45billion through the foundation since its inception, including $1.75 billion to fighting Covid-19.

Bill Gates, 65, was a geeky teenager when he started what would become the world’s most valuable company, and was for a time the world’s richest man and most prominent philanthropist.

He stepped down as Microsoft chief executive in 2008 to devote more time to philanthropy and later left the board, keeping only the title of “founder and technology advisor.”

Melinda Gates, 56, met Bill at Microsoft in 1987, shortly after she joined the tech firm, and the pair married in 1994.

In a 2019 Netflix documentary series, he described his wife as “truly an equal partner,” while she looked back on some of their first interactions to call him “funny and very high-energy.”

Their foundation is among the world’s richest, having provided more than $54 billion in grants over two decades in areas including malaria and infectious disease control, agricultural research, basic health care and sanitation in various parts of the world. It has an endowment of more than $46 billion.

The couple’s divorce could create new questions about their wealth, most of which has yet to be donated to their foundation, despite co-creating the Giving Pledge, which encourages billionaires to give the majority of their wealth to charity.

In recent years, Bill Gates has largely distanced himself from Microsoft and the tech industry, instead speaking about poverty and health initiatives, and the coronavirus pandemic.

Last year, the foundation pledged some $250 million to help fight the pandemic, with some of the funds channeled to the distribution of life-saving doses of Covid-19 vaccines to parts of Sub-Saharan Africa and South Asia.

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Tinubu Mourns Ex-envoy Patrick Dele Cole

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President Bola Tinubu has expressed sadness over the death of Ambassador Patrick Dele Cole, describing him as a distinguished diplomat, journalist, politician and public servant.

Cole died at 86.

In a statement on Saturday, Tinubu said Cole devoted his life to national service and brought distinction to his work in diplomacy, journalism and politics.

“His career reflected the enduring value of dialogue, tact, mutual respect and the pursuit of shared interests in advancing national development and international cooperation,” the President said.

Tinubu noted Cole’s contributions to Nigeria’s media landscape, particularly as Managing Director of the Daily Times, where he upheld the role of the press in holding public officials accountable, speaking truth to power and strengthening democratic governance.

“His legacy in journalism and public life remains an enduring part of our national story,” he said.

The President said at 86, Cole witnessed defining moments in Nigeria’s history and contributed to national development, adding that his life stands as a testament to experience, principled engagement and commitment to public good.

Tinubu extended condolences to Cole’s family, friends, professional associates and all whose lives he touched, praying that memories of his remarkable life will bring comfort and strength.

“May Almighty God grant Ambassador Cole eternal rest and give his family and all who mourn him the fortitude to bear this profound loss,” he said.

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$2.4bn Subsidy Fraud: Why My Mum Was Kidnapped in 2012 – Ngozi Okonjo-Iweala Recalls

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Director-General of the World Trade Organisation (WTO), Mrs. Ngozi Okonjo-Iweala, has said that her probe of an alleged $2.4bn subsidy fraud led to the abduction of her mother.

It would be recalled that the former Finance Minister’s mother, Kamene Okonjo, was kidnapped from her home in Ogwashi-Uku, Delta State, in December 2012.

In a recent interview with Bloomberg, Okonjo-Iweala said the abductors demanded that she resign as minister of finance and leave the country.

The WTO director-general served as Nigeria’s finance minister between 2011 and 2015 under former President Goodluck Jonathan.

She said the subsidy investigation began after her office noticed a sharp increase in claims submitted by petrol importers.

“So I went to the president and said, look, something is going on here. Could we audit the accounts? And he said, yes, go ahead. And we found about $2.4 billion worth of fraud. So, we refused to pay,” she recounted.

She said her mother was abducted shortly after the decision was announced, adding that her captors demanded her resignation as a condition for her release.

“I was told (by the kidnappers) that for her to be released, I should resign and leave the country,” she said.

The former minister described the incident as one of the most traumatic experiences of her life, saying her mother was held in a forest before escaping.

“She was held in the middle of a forest, and one night she escaped. She’s still alive. She’s 96 now,” Okonjo-Iweala said.

“It was a terrible, terrible five-day ordeal. I think the worst in my life.”

“I never dreamt my parents could ever be touched in this way, that people would be that evil,” she added.

Okonjo-Iweala said she considered resigning before her mother regained her freedom, but her father warned her against giving in to the abductors’ demands.

“He said, ‘We don’t give in to blackmail’. And he said, ‘You’ve got to carry on. You’ve got to go to work’,” she recalled.

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2027: Tinubu Excuses Self from APC Campaign Tours

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President Bola Tinubu has told members of the All Progressives Congress (APC) Presidential Campaign Council not to expect him to accompany them to every campaign event ahead of the 2027 general election, saying he must remain focused on governance and the country’s economic responsibilities.

Tinubu spoke on Wednesday during the inauguration of the APC Presidential Campaign Council in Abuja, where he urged members to take the party’s message to Nigerians across the states and local government areas while he continues to attend to matters of governance.

The president said he agreed with concerns that the demands of the campaign should not distract him from running the country, adding that Nigeria needs his attention at the moment.

“You’ve warned me not to allow the rigour of the campaign to distract me from governance, I hear you. I am in full agreement with your decision. Nigeria needs more attention now,” Tinubu said.

He told council members to excuse him from accompanying them to every campaign event, noting that his administration has bills to pay and international financial obligations to meet.

“So, you will excuse me from going everywhere with you, we have bills to pay. The American creditors cannot wait,” the President said.

Tinubu also said the government needs to attract investors who would commit to long-term investments in Nigeria and contribute to the future of the country’s children.

“We want those investors to come in, be here to stay, to invest for the future of our children,” he said.

The president, however, assured Nigerians that he would continue to engage them directly even as the campaign council took charge of mobilisation across the country.

“However, I will still make time to speak directly with Nigerians, even as you lead the campaign in the states and local government areas,” he said.

Tinubu described the inauguration of the council as more than a campaign activity, saying it represents a renewed commitment to Nigerians and the responsibilities of the ruling party.

“We have not gathered merely to inaugurate a council. We have gathered to renew a covenant. A covenant with Nigerian people and the historic responsibility they have entrusted to us as Nigeria’s governing party,” he said.

He added that the council is expected to communicate the administration’s vision, achievements and agenda to voters nationwide.

“This council will carry our vision, our records and our agenda to every Nigerian, and it will carry them to victory every ward of this country,” Tinubu said.

The president also commended APC members for completing the party’s congresses, recalling that some had predicted internal crises during the process.

He said the party has overcome the challenges and emerged united, crediting members for participating in the process from the ward level to the national leadership.

“They said there will be implosion. We passed through it. We did not fail. You didn’t let us down. We got here together,” he said.

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