gatesfoundation

Bill Gates has seen his net worth drop by $51 billion, falling from around $175 billion to $124 billion. But this isn’t the result of a market crash or failed investment—it’s part of his lifelong mission to give away his fortune.

Bill Gates has openly said he does not want to “die rich” and has committed to donating nearly all of his wealth through the Gates Foundation. His plan is to close the foundation by December 31, 2045, ensuring his resources fuel global health, education, and innovation for decades to come.

This recalibration also shifted his position on the Bloomberg Billionaires Index, dropping him to 12th place, while his Microsoft successor Steve Ballmer now ranks 5th. Gates’ generosity sets a new standard in philanthropy.

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In a landmark philanthropic announcement, Bill Gates has committed to donating 99% of his estimated $107 billion fortune over the next two decades.
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This pledge aims to bolster the Bill & Melinda Gates Foundation's efforts in combating global health crises, poverty, and educational disparities. The foundation, which has already disbursed over $100 billion since its inception in 2000, plans to double its spending, allocating an additional $200 billion by 2045. This strategic acceleration will culminate in the foundation's planned closure on December 31, 2045 .
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Gates's decision is inspired by Andrew Carnegie's 1889 essay, "The Gospel of Wealth," which advocates for the affluent to redistribute their wealth for the public good. Embracing this philosophy, Gates emphasized the urgency of addressing pressing global challenges, stating, "There are too many urgent problems to solve for me to hold onto resources that could be used to help people" .

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