Bill Gates has revealed plans to give away all his wealth over the next 20 years, signalling the final chapter of his career. The Microsoft co-founder, now worth $113.8 billion, says his donations will focus on global health, education, and poverty alleviation.
- Gates will donate more than $200 billion by 2045, including his future contributions.
- The Bill & Melinda Gates Foundation will close in 2045.
- Gates aims to achieve foundation goals sooner by doubling his giving over the next two decades.
- His philanthropy has significantly impacted global health, especially in Africa.
- Gates’ foundation will continue major work in health, agriculture, and clean energy.
This monumental shift in Gates’ approach marks a significant turning point not just in his career, but in global philanthropy. His commitment to donate such a vast fortune reflects a broader change in how billionaires view their legacies. As he steps away from day-to-day involvement in his foundation, his focus will remain on accelerating change in global health and social development. The implications for sectors like healthcare, agriculture, and clean energy are enormous, especially in underdeveloped regions.
Gates’ decision to give away his fortune is both a farewell and a call to action. What will the next 20 years of philanthropy look like, and can other billionaires follow suit?
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