_1746710785~2.jpg "Bill Gates")
Bill Gates has revealed his intention to donate nearly all of his personal wealth by 2045, with an estimated $200 billion allocated to assist the world's most poorest populations through the Bill & Melinda Gates Foundation.
The co-founder of Microsoft said that the foundation will exhaust his personal fortune and officially conclude its operations on December 31, 2045.
Gates expressed his desire to be remembered for his contributions rather than his wealth, highlighting the pressing need to tackle issues such as preventable deaths, diseases like polio and malaria, and global poverty, particularly as major donor nations reduce their foreign aid budgets.
He acknowledged that while the foundation possesses substantial resources, its effectiveness relies on ongoing support from governments, citing the eradication of polio as a goal that would be unattainable without U.S. funding. Established in 2000 with Melinda French Gates, the foundation has already allocated $100 billion to various organizations, including Gavi and the Global Fund to Fight AIDS, Tuberculosis, and Malaria, with annual spending projected to reach $9 billion by 2026.
Despite facing criticism regarding its influence and accountability, especially during the COVID-19 pandemic, Gates reaffirmed his dedication to global health initiatives and urged other wealthy individuals to enhance their philanthropic contributions, emphasizing that increased giving can significantly benefit the world's poorest communities.