Bill Gates: I Will Donate All My Wealth to Charity Until I Become Poor | Knowledge Trend

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Microsoft founder and the fourth richest man in the world, Bill Gates, says he wants to give out all his money to the needy through charity programs until he drops out from the list of the wealthiest people in the world.


Bill Gates: I Will Donate All My Wealth to Charity Until I Become Poor
Image source: Twitter


Bill Gates is the co-founder of Microsoft and was once the richest man in the world. He is currently the fourth richest man in the world after Elon Musk, Jeff Bezos, and Bernard Arnault in first, second, and third positions, respectively. Bill Gates’ current net worth is estimated to be around $122-123 billion.


Bill Gates Charity Programs | Bill and Melinda Gates Foundation


The Microsoft founder is not a newbie in charity and philanthropic programs. He has been regarded by many as the biggest philanthropist of all time. His charity programs led to the founding of the Bill and Melinda Gates Foundation, a non-governmental charity organization founded in the year 2000 by Bill Gates and his ex-wife Melinda Gates.



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Bill and Melinda Gates Foundation was set up to tackle poverty, and disease, and create equity around the world beginning in developing countries. The Foundation has played a major role in disease control and free vaccination in Africa, Asia, and Oceania.


Through the duo, Bill and Melinda Gates Foundation has become the biggest philanthropic organization in the world. Although the foundation bears the name “Bill and Melinda Gates Foundation”, Bill Gates said on his Twitter page that half of the Foundations' donations come from one of the richest men in the world, Warren Buffett.


Bill Gates: I Will Donate All My Wealth to Charity Until I Become Poor | Knowledge Trend
Supporters of Bill and Melinda Gates Foundation Featuring Bill Gates and Warren Buffet
Credit: Bill and Melinda Gates Foundation


 

Bill Gates Philanthropic Missions and Fight Against Poverty


Bill Gates's current mission is to donate all his wealth to the needy until he returns to a normal life. Gates made this clear through his Twitter handle.


“With the support and guidance of our board, we plan to increase our spending from nearly $6 billion per year today to $9 billion per year by 2026. To help make this spending increase possible, I am transferring $20 billion to the foundation’s endowment this month”, he posted. Reports show that the total donations Bill Gates has given to charity are not over $55 billion.


Bill and Melinda Gates Foundation Spending
Bill and Melinda Gates Foundation Spending
Credits: Bill and Melinda Gates Foundation


Gates also expressed his concern over the situation and crisis around the world. “The pandemic is one of the biggest setbacks in history. The war in Ukraine is a gigantic tragedy for the entire world, the damage from climate change is already what most models predicted. But I’m optimistic... we will get back to the progress the world was making”, he said.


“As I look to the future, I plan to give virtually all my wealth to the foundation. I will move down and eventually off the list of the world’s richest people. I must return my resources to society in ways that have the greatest impact on reducing suffering and improving lives”, Gates added.


Bill Gates: I Will Donate All My Wealth to Charity Until I Become Poor | Knowledge Trend


The donations by Bill Gates to charity will go a long in tackling pandemics, hunger, poverty, and the effects of climate change around the world, and will serve as an example for others to know the need to donate to the poor and bring economic and social equity to our planet.

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