Overview

• The Bloomberg Billionaires Index removed $51 billion from Gates’ net worth between July 3 and July 10 to mirror his accelerated charitable giving.
• His fortune fell from about $175 billion to roughly $123 billion, erasing nearly 30% of his wealth in just one week.
• Index methodology was adjusted to lower his asset appreciation rates in line with the surge of donations to the Gates Foundation.
• Gates has pledged to donate 99% of his remaining wealth over the next 20 years and to wind down his foundation by December 31, 2045.
• He cited urgent global health needs, including vaccine distribution and cuts in U.S. and European aid, as the impetus for speeding up his giving.