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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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Bill Gates’ plan to give away “practically everything” his money

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…

1 month ago·Chile

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OANow.com

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Gates pledges remaining fortune to Gates Foundation

SEATTLE — Bill Gates says he will donate 99% of his remaining tech fortune to the Gates Foundation, which will close in 2045, earlier than previously planned. Today, that would be worth an estimated $107 billion.

1 month ago

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Benzinga

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Popular YouTuber Coffeezilla Is Puzzled By Bill Gates' Philanthropy Plans—'I've Been Hearing This For 15 Years And Every Year Bill Has More' - Microsoft (NASDAQ:MSFT)

1 month ago·New York, United States

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onegreenplanet.org

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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.

1 month ago

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Inc.

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Bill Gates Never Wants Anyone to Say These 3 Words About Him. Neither Do I

Here’s why Gates says he will give away 99 percent of his wealth in the next 20 years.

1 month ago

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Deutsche Welle

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DNyuz

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Bill Gates pledges to give away his fortune by 2045

Amid sweeping US foreign aid cuts, multibillionaire Bill Gates has said he will donate most of his wealth to meet urgent needs. He also slammed the role of fellow billionaire Elon Musk in ending critical aid programs.

1 month ago·Bonn, Germany

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