Bill and Melinda Gates are officially divorced

SEATTLE — Bill and Melinda Gates have officially divorced according to court papers filed in King County Superior Court in Washington state on Monday.

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In addition to the dissolution decree, a separation contract was included in the filing. The terms of the contract are confidential. Documents did reveal that neither will change their names or receive “spousal support,” according to Bloomberg.

The couple announced in May that they were divorcing after 27 years of marriage. The pair at the time said they intend to continue working together through their humanitarian foundation.

Washington laws require a 90-day waiting period from when a divorce is filed to when it is finalized.

Bill Gates, who co-founded Microsoft, is worth an estimated $124 billion, according to Forbes.

The Bill & Melinda Gates Foundation, created in 2000 by merging the William H. Gates Foundation and the Gates Learning Foundation, bills itself as a nonprofit that fights “poverty, disease and inequity around the world.”

Last year, Bill Gates, formerly the world’s richest person, said he was stepping down from Microsoft’s board to focus on philanthropy.

Gates was Microsoft’s CEO until 2000 and since then has gradually scaled back his involvement in the company he started with Paul Allen in 1975. He transitioned out of a day-to-day role in Microsoft in 2008 and served as chairman of the board until 2014.

In 2010, the Gateses and billionaire Warren Buffett created the Giving Pledge, an effort The New York Times characterized as “an effort to get wealthy individuals to commit to donate a majority of their money to charitable causes.”

The Associated Press contributed to this story.