The co-founder of Microsoft announced that he will give up his huge fortune and finally drop off the list of the richest people in the world.
Microsoft co-founder Bill Gates has announced that he will give up his huge fortune and finally drop off the list of the world’s richest people. At first, he intends to donate 20 billion dollars to the “Bill and Melinda Gates” foundation, as he has an “obligation” to return his wealth to society, reports the British radio and television corporation BBC, quoted by BGNES.
The fourth richest man in the world also announced in 2010 that he would donate all the money to charity, but it turned out that he was earning faster than he was spending and since then his wealth has doubled.
According to Forbes magazine, Gates is now worth $118 billion, but will drop below $100 billion when he pays back the foundation he founded in 2000 with his then-wife.
Gates announced yesterday that the foundation will have $6 billion this year, but will be able to spend $9 billion in 2026 to help fight the pandemic, climate change and the crisis in Ukraine.
“My plan in the future is to transfer almost all the money I have to the foundation and eventually I will no longer be on the list of the richest people. “My commitment is to put resources back into society to reduce people’s suffering and improve living conditions,” Gates said.
The Gates Foundation works in many countries and its current goal is to eradicate diseases such as malaria, improve educational conditions and provide potable water.
Since its inception, the foundation has received $39 billion from Gates, and Warren Buffett, who paid $35.7 billion, is also a major donor. Gates is the largest private donor to the World Health Organization and the second largest donor overall after the United States.
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