Bill Gates

I have an obligation to return my resources to society in ways that have the greatest impact for improving lives,” Bill Gates wrote Wednesday on his blog.

Overall I expect that the work in these areas will make money, which will also go to the foundation." "I will move down and eventually off of the list of the world's richest people," Gates shared in his blog post. "I do some giving and investing in U.S. health care issues, including Alzheimer's, outside the foundation.

Seattle– Bill Gates is moving $20 billion of his wealth into the endowment of the Bill and Melinda Gates Foundation, which is ramping up its spending in the ...

I hope others in positions of great wealth and privilege will step up in this moment too,” he said, CNN reported. “I have an obligation to return my resources to society in ways that have the greatest impact for improving lives. The couple announced their divorce in May 2021, saying they would work together as co-chairs under a two-year trial period.

Billionaire Bill Gates said Wednesday he will give away a large chunk of his wealth this month to the philanthropic organization he founded with his ex-wife ...

"I will move down and eventually off of the list of the world's richest people." "I have an obligation to return my resources to society in ways that have the greatest impact for reducing suffering and improving lives. The Microsoft co-founder announced on Twitter he'll be transferring $20 billion to the foundation's endowment.

The Microsoft billionaire plans to give "virtually all" his wealth to the foundation he started with ex-wife Melinda.

"His incredible generosity is a huge reason why the foundation has been able to be so ambitious," Gates wrote. But Bill Gates has been there for decades, and his plan is to get off that list. "I have an obligation to return my resources to society in ways that have the greatest impact for reducing suffering and improving lives," he said.

The Microsoft founder and philanthropist said he wants to drop off the rich list as he announced a large donation to the Bill & Melinda Gates Foundation.

Gates and his ex-wife both previously pledged to donate most of their wealth to the foundation which aims to improve global health, gender equality and education. According to Forbes, Gates has an estimated wealth of $129 billion which is mostly tied up in Microsoft shares. Last month, longtime foundation board member Warren Buffett, currently the fifth richest person in the world, gave an annual gift of $3.1 billion.

Bill Gates' ultra-gift of $20 billion to the Bill & Melinda Gates Foundation reaffirms his place as a titan of modern philanthropy.

There’s truth to that, but it soft pedals the magnitude of the Gates Foundation’s influence on the world stage, especially in the realm of global health. You don’t have to engage in wild conspiracy theorizing to recognize that any private organization giving out enough global health and development money to make it, effectively, one of the largest aid spenders in the world, will inevitably loom large over that arena. In Forbes, Gates called out other (unnamed) mega-philanthropists on exactly that score: “It’s as though they’re trying to maximize how long their foundation can exist, as opposed to, are there some high-impact things they can do now?” The factors I just listed are part of that story, and so is the sense that as MacKenzie Scott and other avant-garde mega-givers enter the field, Gates giving no longer represents the cutting edge. That remained the assumption until rumors began circulating that the Oracle of Omaha might choose a different course, moving most of his money to his own family foundations — specifically the Susan Thompson Buffett Foundation, already the nation’s largest reproductive rights philanthropy. If Gates does intend to make good on his word, shoveling tens of billions at a time into the foundation needs to become the norm going forward, not the exception. There’s a certain competitive streak in Gates’ blog entry, in which he doubles down on his guiding principle that funding “innovation” across multiple fields will yield the improvements to the human condition that the foundation has long pursued. That’s a colossal figure, even by the standards of the world’s largest grantmakers, and will even further cement the Gates Foundation’s global preponderance in its chosen fields. Also, let’s not forget that as things stand, Buffett’s chunk of the foundation’s endowment must go out the door within a decade of the nonagenarian’s passing. It’s been dubbed “one of the most significant donations in the history of philanthropy,” and in terms of sheer magnitude, that description fits. It can also be viewed as a response to the rise of mega-donors like MacKenzie Scott, who have been running circles around the sprawling foundation in recent years. Following a year of uncertainty regarding the foundation’s long-term future, this latest development is another milestone in Team Gates’ quest to project stability.

There's a new world's number four richest: India's Gautam Adani, who moved up one spot in Forbes' Real Time billionaire rankings after Bill Gates announced a huge new gift this week. The billionaire math is simple when it comes to big charitable ...

Starting in the late 1990s, he gave tens of billions of dollars of the stock to the Gates Foundation and its predecessors. Gates ranked number four on the 2021 and 2022 Forbes lists of the World’s Billionaires. He first became No. 1 on Forbes’ 1995 list of the World’s Billionaires–with a $12.5 billion fortune. Adani overtook fellow Indian billionaire Mukesh Ambani to become Asia’s richest person in February. He was worth $90.1 billion at the time - and ranked 10th in the world. The Indian tycoon’s wealth has more than doubled since early 2021 to a current $112.9 billion. The billionaire math is simple when it comes to big charitable donations: Give money away and your net worth shrinks.

Microsoft co-founder says he wants to 'eventually move off the list of the world's richest people'

I will move down and eventually off of the list of the world’s richest people.” The Gateses and Buffett have long encouraged other billionaires to do the same. Gates also thanked billionaire businessman Warren Buffett for his contributions to the foundation.

According to 'Forbes,' Gates is currently worth $118 billion. On July 13, the world's fourth-richest man announced he'd be donating $20 billion to his Bill ...

On July 13, the world's fourth-richest man announced he'd be donating $20 billion to his Bill & Melinda Gates Foundation. Referencing the pandemic, war in Ukraine and other global challenges, Gates said, "The great crises of our time require all of us to do more". Gates' donation, in addition to a grant of $3.1 billion provided by Warren Buffett last month, brings the organization's endowment to about $70 billion. Gates' donation, in addition to a grant of $3.1 billion provided by Warren Buffett last month.

Bill Gates has promised to give "virtually all" of his fortune away. Where will it go?

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Bill Gates announced a $20 billion donation to the Bill & Melinda Gates Foundation – and reiterated a pledge to give away "virtually all of my wealth."

In his blog post, Gates wrote that he doesn't view the act of giving away his wealth as a sacrifice. Similarly, the Gates Foundation played a key role in creating Gavi, the Vaccine Alliance — a global health program founded in 2000 that provides immunization to poor countries and has helped vaccinate nearly 1.2 billion people against diseases like Covid-19, polio and measles. Going forward, he could continue to make donations in the form of stock, or decide to liquidate some of his holdings and donate their cash value. Gates announced his plans in a Twitter post on Wednesday, writing: "I have an obligation to return my resources to society in ways that have the greatest impact for reducing suffering and improving lives. In a 2008 study, Rice University researchers found that the foundation helped spur greater financial support at the National Institutes of Health for research into vaccines for malaria and tuberculosis, and other global diseases like asthma and heart disease. Gates, along with his ex-wife Melinda French Gates, has already given more than $50 billion to the foundation since 1994.

Microsoft co-founder Bill Gates, who has long sat at the top or near the top of the list of the wealthiest persons on the planet, said Wednesday he will ...

Gates, who founded the Bill and Melinda Gates Foundation in 2000 with his ex-wife, said the donation will allow the organization to increase its giving from $6 billion per year to $9 billion. "I will move down and eventually off of the list of the world's richest people," Gates said. "Our focus will remain the same -- but at this moment of great need and opportunity, this spending will allow us to accelerate progress by investing more deeply in the areas where we are already working.