Microsoft co-founder Bill Gates has announced his intention to donate nearly all of his wealth to charity. He revealed plans to gradually transfer his assets to the Bill & Melinda Gates Foundation, which focuses on global health, poverty reduction, and expanding access to education, reports the Baltimore Chronicle, citing Gates Notes.
Gates stated that his name will eventually be removed from the list of the world’s wealthiest individuals, as his top priority is saving lives and improving living conditions for billions of people. In July, he donated $20 billion to support the foundation’s work. In the coming years, he plans to significantly increase the scale of funding for charitable programs.
According to the foundation’s strategy, its annual spending will rise from the current $6 billion to $9 billion by 2026. Gates emphasized that he does not view his fortune as a tool for enrichment, but as a means to create positive change in the world. He also expressed gratitude to fellow billionaire Warren Buffett and other participants in the Giving Pledge initiative, who have committed to donating a significant portion of their wealth to philanthropic causes.
Currently, Gates’ net worth exceeds $100 billion. His contribution to the foundation stands as one of the largest acts of private philanthropy in history.
Earlier we wrote that Liam Payne left £24.3 million without a will.