Overview

• Bill Gates has committed to giving away nearly all of his $200 billion fortune and shutting down the Gates Foundation by December 31, 2045, significantly accelerating its timeline.
• The decision comes as Gates sharply criticizes Elon Musk for overseeing sweeping cuts to USAID, which Gates claims endanger the world's poorest communities.
• Gates emphasized that private philanthropy, including his foundation's increased $10 billion annual spending, cannot replace the scale of government-funded global health programs.
• A U.S. District Judge has partially blocked Musk's cuts to USAID, ordering some systems restored, though most contracts remain terminated.
• Melinda French Gates called the accelerated spending plan 'fantastic,' highlighting its focus on combating diseases like HIV and malaria and reducing global poverty.