Bill Gates announced a major change in how he gives back. He will give 99% of his tech fortune to the Bill & Melinda Gates Foundation. His fortune stands at about $107 billion. This plan now uses his money to help people directly. The foundation will close in 2045—20 years sooner than planned.
This pledge ranks among the largest gifts ever made. Past givers such as John D. Rockefeller and Andrew Carnegie also gave much. When one adjusts for inflation, Gates’s donation adds to a rare club. Only Warren Buffett’s plans come near this scale.
In a recent interview, Gates said he feels excited about the funds. He sees strong chance to aid health and schooling efforts in the United States and beyond. He spoke of the thrill in sending money to make a change. His words build a view of clear steps toward saving lives.
Gates explained that the 20-year plan lets him make a strong mark now. His words show that the funds will soon run out. This method challenges old ideas of keeping a never-ending fund. People see a new path for how foundations can work.
Since starting the foundation in 2000, its work has changed global health rules. The group has spent over $100 billion on projects that have cut child death rates from diseases that can be stopped. The organization worked with many groups to send vaccines around the world.
Some worry that one private group should not set the rules for global health. Gates said the foundation tackles hard issues like child deaths, common diseases, and hunger. His plan rests on fighting these major problems.
For the next 20 years, the plan calls for spending about $9 billion each year. The funds go to projects that change lives. Gates hopes that other rich supporters will give in ways that meet new needs.
Inside the foundation, big changes have taken place. Melinda French Gates and Warren Buffett left key jobs. This shift seeks to refresh the work while keeping old values strong.
Gates knows that the world may change in unexpected ways. He mentioned that conflicts and money issues might slow health work. Still, he asked rich people to stand with those who need help the most.
Bill Gates’s promise is more than a money move. It shows a bold view for charity and a clear plan to help the world become fairer and healthier.
