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10h ago

Bill Gates Commits $200 Billion to Global Philanthropy, Gates Foundation to Close by 2045

The Microsoft co-founder accelerates his giving timeline, pledging nearly all his wealth to combat poverty, disease, and inequality while criticizing global aid cuts.

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Microsoft co-founder Bill Gates during a meeting with Indonesian President Prabowo Subianto at Merdeka Palace in Jakarta, Indonesia, Wednesday, May 7, 2025.

Overview

  • Bill Gates announced plans to distribute virtually all his $200 billion fortune through the Gates Foundation over the next 20 years, with the foundation set to close on December 31, 2045.
  • The foundation will focus on three core goals: ending preventable maternal and child deaths, eradicating infectious diseases, and lifting millions out of poverty.
  • Gates criticized significant cuts to U.S. foreign aid under Elon Musk’s Department of Government Efficiency, warning these reductions could reverse decades of progress in global health.
  • Since its inception in 2000, the Gates Foundation has disbursed $100 billion and is projected to increase its annual budget to $9 billion by 2026.
  • Gates urged fellow billionaires to accelerate their philanthropic efforts, emphasizing the pressing need to address global challenges more rapidly.