Billionaire philanthropistMelinda French Gates will step down as the co-chair of the Bill & Melinda Gates Foundation.
The ex-wife of Microsoft co-founder, Bill Gates announced on social media that she will be resigning with $12.5 billion to "commit to my work on behalf of women and families".
Melinda said she was "immensely proud" of the foundation - which she and Bill started in 2000.
In 2021, after 27 years of marriage, the pair announced their separation.
Melinda last day of work at the foundation - which is the largest private body of its kind - will be June 7.
The Gates Foundation is recognised as one of the most powerful organisations in global philanthropy, and spends billions of dollars every year on initiatives aimed at eradicating infectious diseases, reducing poverty and combatting climate change.
She wrote on social media: "This is not a decision I came to lightly. I am immensely proud of the foundation that Bill and I built together and of the extraordinary work it is doing to address inequities around the world."
More to follow...