Microsoft co-founder Bill Gates has announced his intention to donate 99% of his fortune over the next two decades, aiming to conclude the operations of the Bill & Melinda Gates Foundation by 2045.
In a recent blog post, Gates emphasized his commitment to philanthropy, stating, “People will say a lot of things about me when I die, but I am determined that ‘he died rich’ will not be one of them.” The foundation has already contributed $100 billion towards health and development projects, with plans to allocate an additional $200 billion, subject to market conditions and inflation, in the coming years.
Gates’ philanthropic focus includes eliminating preventable diseases affecting mothers and children, combating infectious diseases such as malaria and measles, and reducing poverty for hundreds of millions globally.
He also expressed concern over recent cuts to foreign aid budgets by countries like the U.S., U.K., and France, highlighting the importance of continued support for the world’s poorest populations. Despite his substantial donations, Gates is expected to remain a billionaire, with a current net worth of approximately $108 billion.
Source: BBC
