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2w ago

Bill Gates to Donate $200 Billion and Close Gates Foundation by 2045

The billionaire philanthropist accelerates his giving timeline, pledging nearly all his wealth to global health and poverty initiatives within 20 years.

Microsoft co-founder Bill Gates during a meeting with Indonesian President Prabowo Subianto at Merdeka Palace in Jakarta, Indonesia, Wednesday, May 7, 2025.
Bill Gates, who pledged on Thursday to give away almost his entire personal wealth in the next two decades and said the world's poorest would receive some $200 billion via his foundation, speaks with Reuters during an interview in New York City, U.S., May 8, 2025. REUTERS/Mike Segar
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FILE- Bill Gates speaks during the Clinton Global Initiative on Sept. 24, 2024, in New York. (AP Photo/Andres Kudacki, File)

Overview

  • Bill Gates announced plans to give away virtually all of his $200 billion fortune through the Gates Foundation over the next two decades.
  • The foundation, which has already disbursed $100 billion since its founding, will close on December 31, 2045, marking an accelerated timeline from its original charter.
  • The foundation's focus for the next 20 years will center on ending preventable maternal and child deaths, eradicating infectious diseases, and reducing global poverty.
  • Gates criticized recent cuts to global aid budgets, including the U.S. government's decision to eliminate USAID, highlighting the challenges of achieving health goals without government support.
  • He urged fellow billionaires to increase the pace and scale of their philanthropy, emphasizing the potential for transformative impact on the world’s poorest populations.