Overview

• The Bill & Melinda Gates Foundation will close by 2045, with $200 billion to be spent over the next 20 years on global health, education, and development initiatives.
• Gates publicly accused Elon Musk of supporting USAID budget cuts, claiming they jeopardize millions of lives and disproportionately harm vulnerable children worldwide.
• The foundation's final phase will focus on eradicating child mortality, combating infectious diseases like malaria and polio, and advancing education access globally.
• Gates acknowledged that private philanthropy cannot fully offset the $44 billion shortfall in government aid but emphasized the importance of maximizing impact within a limited timeframe.
• He redefined his wealth legacy by pledging to leave less than 1% of his fortune to his children and advocating for progressive inheritance taxes to curb dynastic wealth.