Ex-wives of 2 billionaires Bill Gates and Jeff Bezos are doing this together

Melinda French Gates and MacKenzie Scott are two of the philanthropists raising money for the Gender Fund. The fund’s goal is to raise $1 billion to promote gender equality and women’s leadership in Africa, Asia and Latin America.

In a statement on March 17, Co-Impact, the Gender Fund manager, said that so far the amount of money raised has reached $ 320 million and support has begun in all three regions. The fund plans to increase the target amount over the next 10 years.

While funding for gender equality has grown over the past decade, only 1% of the total actually goes to women’s groups, according to the Gender Fund. The funds raised from this fund will provide a large, long-term and flexible source of funding for predominantly women-led and locally based organizations.

“Contributions will begin by opening more doors for women to participate in entrepreneurship and introducing policies that uplift others like them. This is our rare opportunity to build on it. system that focuses on women and girls,” said Melinda French Gates, co-founder of the Bill & Melinda Gates Foundation.

Other organizations supporting the Gender Fund include Cartier Philanthropy, Children’s Investment Fund Foundation, The Estée Lauder Companies Charity Foundation and The Rockefeller Foundation.

The Gender Fund has initiated research and awarded 15 grants to initiatives that address issues, including domestic violence, maternal health, gender inclusive education and women’s leadership.

According to the World Bank’s “Women, Business and Law” 2021 report, nearly 2.4 billion adult women do not have access to equal opportunities, and they are paid only two-thirds of their wages. male.

According to Bloomberg Billionaires Index, Melinda French Gates – Bill Gates’ ex-wife currently owns a fortune of 11.6 billion USD. Meanwhile, MacKenzie Scott – ex-wife of Amazon founder Jeff Bezos currently has $53 billion.

According to Linh Lam