Bill and Melinda Gates announce they are getting divorced

Bill and Melinda Gates announced in a statement on Monday that they will be divorcing after more than a quarter century of marriage.

"After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage. Over the last 27 years, we have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives," the former couple said in a statement. "We continue to share belief in that mission and will continue our work together at the foundation, but we no longer believe we can grow together as a couple in this next phase of our lives. We ask for space and privacy for our family as we begin to navigate this new life."

Bill Gates, the wealthy co-founder of tech giant Microsoft, holds shares of the company worth more than $26 billion, CNBC reported, citing FactSet.