US EditionBill Gates announces plan to give ‘virtually all’ his money away and end the Gates Foundation in 20 years
- On May 8, 2025, Bill Gates announced his intention to give away nearly all of his remaining wealth through the Gates Foundation, which is set to close in 2045.
- This accelerated timeline follows earlier plans to wind down the foundation after Gates’ death and reflects his goal to spend more now amid cuts to global aid.
- Since 2000, the foundation has invested $100 billion, contributed to nearly halving childhood mortality, and plans to allocate an additional $200 billion during the upcoming two decades, operating with an annual budget of approximately $9 billion.
- Gates explained that a 20-year timeframe strikes an appropriate balance between maximizing progress on key issues and providing ample warning that the funding will eventually end.
- The pledge signals sustained support for global health and education but also an eventual end to the foundation’s influence, highlighting challenges in global generosity and government aid.
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Bill Gates announces plan to give 'virtually all' his money away and end the Gates Foundation in 20 years
Bill Gates announced that he now plans to distribute "virtually all" of his wealth within the next 20 years, before shuttering the foundation on December 31, 2045.
·Sacramento, United States
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