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 plans to contribute nearly all of his remaining technology wealth, valued at approximately $107 billion, to the Gates Foundation, which is scheduled to conclude its work in 2045.
- Gates accelerated the foundation's planned wind-down, originally set for decades after his death, aiming to spend down his fortune within 20 years to maximize impact.
- The foundation will spend about $9 billion annually, focusing on global health and education while marking two decades for targeting significant reductions in childhood deaths.
- Gates expressed enthusiasm about having substantial resources to dedicate to these initiatives, emphasizing the need to provide affordable innovations to those who require them most.
- The donation will enable the foundation to disburse an estimated $200 billion over 20 years, potentially saving millions of lives but signaling an eventual end to its global influence.
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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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