Cliff Notes
- Bill Gates has accelerated his plan to donate nearly all of his wealth, aiming for completion by 2045 instead of the previously set timeframe after his death.
- The Bill and Melinda Gates Foundation targets urgent global issues including preventable deaths and poverty, having donated over $100 billion in its 25-year history.
- Gates emphasised that achieving progress against challenges like polio requires governmental support, particularly amidst recent cuts to international aid budgets.
Bill Gates speeds up plans to give away his fortune
Bill Gates is speeding up his plans to give away nearly all of his money.
“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 billionaire wrote on Thursday.
The Gates Foundation was originally intended to close twenty years after Mr Gates died, giving away around $200bn (£150bn) in that time.
But now the timeline has been brought forward to 2045.
“There are too many urgent problems to solve for me to hold onto resources that could be used to help people,” Mr Gates wrote in a post on his website.