Gates Foundation to spend $200 billion through 2045 when it will shut down

[noumoe]

Gates Foundation to spend $200 billion through 2045 when it will shut down

Today the Gates Foundation celebrates its 25th anniversary by announcing its plans to close up shop.

Established in 2000 — when Melinda French Gates was just 35 and Bill Gates was 44 and the world’s richest man — the foundation quickly became one of the most consequential philanthropies the world has ever seen, utterly reshaping the landscape of global public health, pouring more than $100 billion into causes starved for resources and helping save tens of millions of lives.

For all its pragmatic public-health spade work, the foundation has also served as a kind of valorous abstraction — the seeming embodiment of “the Golden Rule,” in a phrase that Bill Gates likes to use, and the face of an increasingly anachronistic era of elite optimism.

https://archive.is/2025.05.08-122039/ht ... -2045.html

[noumoe]

Bill Gates has announced he will give away 99 percent of his immense fortune in the coming years - leaving one percent for himself and his children.

He announced Thursday that he plans to distribute 'virtually all' of his wealth, approximately $200 billion, within the next 20 years.

Gates will hold onto just one percent of his wealth - which still equals out to an estimated $1.62 billion.

He has three adult children he shares with Melinda - Phoebe, Rory, and Jennifer - whom will most likely inherit the remaining millions in cash Gates has upon his death.