Overview

• Bill Gates has pledged to give away nearly all of his $200 billion fortune within the next 20 years, doubling the Gates Foundation's spending and closing it by 2045.
• The Gates Foundation, which has already disbursed $100 billion since its inception, will focus on eradicating diseases like polio and malaria, reducing poverty, and preventing maternal and child deaths.
• Gates sharply criticized Elon Musk for orchestrating severe cuts to U.S. foreign aid, accusing him of causing harm to the world's poorest populations by undermining critical health programs.
• The foundation's annual budget will increase to $9 billion by 2026, with Gates urging other billionaires to accelerate their giving to address urgent global challenges.
• Gates emphasized that private philanthropy cannot fully replace government funding, warning that setbacks in health and poverty initiatives could reverse decades of progress.