Bill Gates to give away fortune by 2045, $200B for world's poorest
- Bill Gates, cofounder of Microsoft, announced plans in 2025 to give away nearly all his fortune through the Gates Foundation, which will close in 2045.
- Gates accelerated this plan because of urgent global problems and believes the foundation can reach its goals faster by increasing key investments and providing partner certainty.
- The foundation aims to spend about $200 billion over 20 years to end preventable childbirth deaths, eradicate infectious diseases, and reduce poverty worldwide.
- Gates stated, "He died rich will not be one of them," committing to give away approximately 99 percent of his $108 billion fortune to improve global health and development.
- This accelerated giving may increase philanthropic impact amid global aid cuts, and Gates hopes other billionaires follow his example to help the world’s poorest.
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United States: Bill Gates accelerates donations to its foundation and criticizes Trump administration's humanitarian disengagement
Bill Gates announced on Thursday May 8th the donation of most of his remaining wealth to its foundation, which will spend "more than $200 billion" by 2045. Microsoft's co-founder billionaire, now philanthropist, openly criticizes the American disengagement from international aid and attacks the passage to Elon Musk.
·Paris, France
Read Full ArticleBill Gates donates his billions – what drives him?
Microsoft co-founder Bill Gates wants to give a lot more money to his charitable foundation and close it by 2045. What do other super rich people like Elon Musk, Warren Buffett, Jeff Bezos and Mark Zuckerberg do with their money?
·Frankfurt, Germany
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