Bill Gates Commits to Giving Away 99% of His Wealth by 2045

Bill Gates, the co-founder of Microsoft, has announced his ambitious plans to donate 99% of his wealth over the next two decades, aiming to ensure that he is not remembered merely for his riches. In a recent blog post, Gates expressed his commitment to charitable giving, planning for the Bill & Melinda Gates Foundation to conclude its operations by 2045. Citing the influence of industrialist Andrew Carnegie, Gates reiterated the belief that affluent individuals bear a responsibility to contribute to society, stating, "the man who dies thus rich dies disgraced."

As of now, Gates’s fortune stands at approximately $108 billion, and he has already allocated around $100 billion to health and development initiatives through his foundation. Over the next twenty years, he anticipates directing an additional $200 billion towards various charitable efforts, although this amount will fluctuate depending on market conditions.

Gates highlighted critical objectives for the foundation, including the elimination of preventable diseases affecting mothers and children, the eradication of infectious diseases such as malaria and measles, and the alleviation of poverty for millions. He criticized wealthier nations for reducing foreign aid, stressing the urgency of supporting the world's most vulnerable communities.

In a pointed critique of Elon Musk, Gates raised concerns about the impact of cuts to U.S. aid on children's health in impoverished areas, suggesting Musk's decisions have directly contributed to suffering. Despite facing criticism over his foundation’s influence on global health, Gates remains steadfast in his mission to aid in poverty alleviation and disease eradication worldwide.