When Bill and Melinda French Gates created the Gates Foundation in 2000, they had planned for the organization to continue its work, using their remaining fortune, for several decades after they died. But now, the billionaire Microsoft founder says he doesn’t want to wait that long to give away most of his wealth.
Gates announced on Thursday that he now plans to distribute “virtually all” of his wealth — around $200 billion, he estimates — within the next 20 years, before shuttering the foundation on December 31, 2045.
The announcement comes as President Donald Trump’s administration is working to slash funding for health, foreign aid and other public assistance programs — the types of causes the Gates Foundation supports — raising concerns about stalled progress on research and other crucial projects.
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Bill Gates announces plan to give ‘virtually all’ his money away and end the Gates Foundation in 20 years
- by: Clare Duffy
- 2025-05-08
- Source:
CNN
- 05/09/2025
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Bill_Gates by OnInnovation is licensed under flickr Attribution-NoDerivs 2.0 Generic
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