In a bold declaration, Microsoft co-founder Bill Gates revealed his determination to donate 99% of his wealth within the next 20 years, aiming to conclude his philanthropic endeavors by 2045. Gates, who currently has a net worth of $108 billion, intends to accelerate his giving through the Gates Foundation, which has already donated $100 billion towards global health and development initiatives. Aiming to spend an additional $200 billion, Gates emphasized the responsibility of the wealthy to contribute positively to society, echoing sentiments from Andrew Carnegie’s "The Gospel of Wealth." As he critiques the reduction in foreign aid by major nations, Gates highlights the foundation’s goals of eradicating preventable diseases, infectious diseases, and poverty worldwide. Notably, he has called out prominent figures like Elon Musk regarding their roles in international health funding reductions.
Bill Gates Commits to Donating 99% of Wealth by 2045
Bill Gates Commits to Donating 99% of Wealth by 2045
Tech mogul and philanthropist Bill Gates announces an ambitious plan to distribute the majority of his fortune through his foundation over the next two decades.
Gates' initiative signifies a significant shift in giving patterns and raises discussions on the ethical implications of wealth, aid redistributions, and philanthropic influence on global health systems.
