Bill Gates, once the richest man in the world, saw his net worth drop by $51 billion due to extensive charitable donations. This dramatic financial decline caused him to fall from fifth to twelfth place on the Bloomberg Billionaire Index. Gates intends to donate almost all his wealth to the Gates Foundation, which he established with his ex-wife, and he aims to do so over the next 20 years. His commitment reflects a desire that his legacy does not reflect wealth accumulation but rather contributions to solving urgent global problems.
Bill Gates's net worth plummeted $51 billion, primarily due to his philanthropic spending, dropping him from fifth to twelfth place among the world’s wealthiest individuals.
Gates plans to donate almost all of his wealth to charity over the next 20 years, aiming to ensure that he does not die rich.
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