Bill Gates plans to donate his entire $200 billion fortune to charity over 20 years
Bill Gates, the founder of Microsoft, has confirmed that in the coming years he plans to get rid of almost all of his wealth, including $200 billion, which will go to charity. He wrote about this in his personal blog, summing up the results of 20 years of the Bill & Melinda Gates Foundation.
What we know
In the text, Gates states that his main goal is to die a poor man, as "everything extra should work for those who really need it". His priorities remain the same: fighting infectious diseases, healthcare, vaccination, support for education and technology development for the world's poorest regions.
Gates' plan to reduce poverty by 99% by 2045. Illustration: Gates Notes
Since 2000, the foundation has already spent more than $53 billion on global initiatives, including the Gavi programme, the fight against polio and support for agriculture in Africa.
Gates also noted that he wants to accelerate the pace of "giving back" and is not waiting for retirement age to implement his intentions. According to him, large fortunes are only meaningful when they are turned into solutions to problems, not status symbols.
Where Bill Gates gave his billions:
Gates invests in humanitarian projects to create systemic solutions that work regardless of his personal involvement.
- 2000 - Establishment of the Bill Melinda Gates Foundation - Focused on health, education and poverty alleviation.
- 2002-2024 - more than $11 billion for Gavi, The Vaccine Alliance. - Goal: to increase access to vaccination in low-income countries. Hundreds of millions of children have been vaccinated.
- 2005-2020 - funding for the fight against polio. - Together with WHO and Rotary International, more than $4 billion for the global eradication programme.
- 2010 - The Giving Pledge initiative. - Together with Warren Buffett, he called on billionaires to give the majority of their wealth to charity.
- 2015-2023 - more than $6 billion for agriculture in Africa and South Asia. - Supporting small farmers, fighting hunger and climate change.
- 2020-2022 - support for the fight against COVID-19. Investing $2 billion in research, testing, treatment and equitable distribution of vaccines.
The Bill & Melinda Gates Foundation is one of the largest private philanthropic foundations in the world. It was founded in 2000 by Bill Gates and Melinda French Gates. It is headquartered in Seattle, USA.
The foundation's goal is to improve global health, fight poverty, promote education and access to technology. Main areas of work:
- vaccination (through the support of Gavi, The Vaccine Alliance)
- fighting infectious diseases (polio, malaria, tuberculosis)
- support for agriculture in Africa and South Asia
- innovations in education and access to digital technologies
The Foundation operates with assets of over $60 billion (as of 2024) and has spent over $50 billion on charitable initiatives. One of its key principles is to fund projects that have a long-term systemic impact.
Source: Gates Notes
