US EditionBill 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.
350 Articles
350 Articles
It was the year 2000 when Bill Gates and his then partner, Melinda French Gates, created the Gates Foundation.The goal was that, after they died, they could donate part of their fortune through this entity.However, the billionaire said he doesn't want to wait that long to give away his money.According to CNN, last Thursday, May 8, Microsoft's founder announced that he wants to distribute his wealth—about $2 billion—in the next 20 years, before t…
Microsoft Co-Founder Bill Gates Decides To Give Away 99% of His Wealth via Foundation by 2045
Microsoft co-founder Bill Gates has reportedly donated £75.73 billion ($100 billion) but is determined to give away more. Early this year, he had told BBC that philanthropy was instilled in him early on as his mother would tell him that 'with wealth came the responsibility to give it away.'Last week, Gates wrote in a blog post that he plans to make charitable donations of about £151.46 billion ($200 billion) through the Gates Foundation over the…
Bill Gates Commits $200 Billion to End His Foundation and Save Millions of Lives - One Green Planet
Bill Gates will shut down his foundation by 2045 and spend $200 billion to fight disease and poverty before it's too late. The post Bill Gates Commits $200 Billion to End His Foundation and Save Millions of Lives appeared first on One Green Planet.
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