In a significant announcement marking the 25th anniversary of the Gates Foundation, Bill Gates declared his intention to donate the majority of his wealth, estimated at $200 billion, over the next two decades. This move marks a departure from his initial plan to retain his fortune longer. Gates emphasized the need to address pressing global issues, stating that he aims to prevent deaths, combat infectious diseases, and alleviate poverty. By December 31, 2045, the foundation will cease operations, reflecting a substantial commitment to philanthropy that aims to impact lives significantly.
People will say a lot of things about me when I die, but I am determined that 'he died rich' will not be one of them. Gates is fully committed to using his fortune for societal benefit, expressing urgency in addressing pressing global challenges.
There are too many urgent problems to solve for me to hold onto resources that could be used to help people. That is why I have decided to give my money back to society much faster than I had originally planned.
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