Billionaire philanthropist and business executive Melinda French Gates announced Monday that she is resigning from the foundation she co-founded with Microsoft founder Bill Gates, her former husband, to start her own philanthropic venture.

She was serving as co-chair of the Bill & Melinda Gates Foundation, which has spent nearly $54 billion since 2000 fighting “poverty, disease and inequality” around the world, according to its website. Now, three years after the couple’s divorce, French Gates is striking out on her own.

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