Bill Gates announces that he will donate almost his entire fortune

Bill Gates, co-founder of Microsoft, announced that he will donate 20,000 million dollars to his foundation.

The donation, combined with Berkshire Hathaway CEO Warren Buffett’s $3.1 billion donation last month, raises the Bill and Melinda Gates Foundation at roughly $70 billion, making it one of the largest, if not the largest, in the world.

in a trial On the foundation’s website, Bill Gates said he hopes “others in positions of great wealth and privilege will also step forward at this time.”

“My plan is to give my entire estate to the foundation, other than what I spend on myself and my family,” Gates wrote.

“I will go down and eventually get off the list of the richest people in the world,” he wrote. “Giving this money is not a sacrifice at all … I believe I have an obligation to return my resources to society in the way that has the greatest impact to improve lives.”

The Gates Foundation plans to increase its annual budget by 50% over pre-pandemic levels to about $9 billion by 2026. The foundation hopes the increased spending will improve education, reduce poverty and reset global progress to end poverty. preventable diseases and achieving gender equality that has stalled in recent years.

“Despite the great global setbacks of recent years, I see incredible heroism and sacrifice around the world and believe progress is possible,” Gates, the foundation’s co-chair, said in a statement. “But the great crises of our time require us all to do more… I hope that by giving more, we can mitigate some of the suffering people are facing right now and help fulfill the foundation’s vision of giving every person the opportunity to live a healthy and productive life”

Co-Chair Melinda French Gates said the additional spending will help provide a “fairer and more inclusive recovery.”

With AP report

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