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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305 Articles
Bill Gates Net Worth Rises $10 Billion
Bill Gates says he will sunset his foundation in the next 20 years. That means a quickened plan to give away what could total $60 billion. He has that money, according to the Bloomberg Billionaires Index, which lists his net worth as $168 billion. That is up by $10 billion this year. Incidentally, the man who replaced him as chief executive officer at Microsoft Corp. (NASDAQ: MSFT), Steve Ballmer, is number seven on the list at $152 billion. Bal…


Bill Gates to give away $200 billion by 2045, says Musk is 'killing' world's poorest children
Bill Gates pledged on Thursday to give away $200 billion via his charitable foundation by 2045 and lashed out at Elon Musk, accusing the world's richest man of "killing the world's poorest children" t...
Bill Gates pledging $200B of his own wealth to Gates Foundation over 20 years; Foundation closing
Billionaire Microsoft co-founder and philanthropist Bill Gates has announced to CBS Mornings that he will be giving away nearly all of his personal wealth-- worth around $113 billion-- over the span of the next 20 years.
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