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Bill Gates announces plan to give ‘virtually all’ his money away and end the Gates Foundation in 20 years

  • On Thursday, Bill Gates revealed plans to donate 99% of his fortune and wind down the Gates Foundation by the year 2045.
  • He decided to accelerate giving due to urgent global health needs, moving the foundation’s planned closure earlier than expected.
  • The foundation will spend over $200 billion in the next 20 years on global health, education, and poverty reduction programs.
  • Gates explained that a 20-year timeframe provides an appropriate compromise between maximizing contributions to advance these efforts and informing people in advance that the funding will eventually end.
  • This plan will reduce Gates' net worth by 99% by 2045 and may inspire other billionaires to accelerate their philanthropy.
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Forbes broke the news in United States on Thursday, May 8, 2025.
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