Bill Gates has renewed his pledge to transfer “most” of his wealth. This is in the direct context of donating an additional $ 20 billion to the Gates Foundation.But a wider view is since 2010 when he first started The Giving Pledge (Opens in a new tab) In the campaign, Gates’ net worth more than doubled. After that, he was worth about $ 53 billion, but now it’s approaching $ 118 billion, according to Forbes magazine.
Gates is currently the fourth wealthiest man in the world, even if it drops to the final $ 98 billion (from about 1995 to 2017, he was primarily in the top spot). His property, of course, was built as a co-founder and key figure to show that Microsoft is still in a position of excellence in today’s computing world.
He went to Twitter in a slightly philosophical mood and talked about the current world situation and his plans for the future.
“Many people have been discouraged by some of the huge global recessions of the last few years and are wondering if the world is destined to worsen,” Gates wrote. A recent Supreme Court ruling on the Roe v. Wade case.
“But I’m still optimistic,” Gates continues. “These setbacks have occurred in 20 years of historic progress, and I believe it is possible to mitigate the damage and return to world progress.”
Gates further states that the Foundation plans to increase spending from the current $ 6 billion annually to $ 9 billion annually by 2026. Therefore, we will send another $ 20 billion to the fund this month.
With the support and guidance of the Board, we plan to increase spending from nearly $ 6 billion annually to $ 9 billion annually by 2026. To enable this increase in spending, we will send $ 20 billion to the Foundation’s endowment this month. pic.twitter.com/ybLMAKPx7IJuly 13, 2022
Gates and his ex-wife founded the Bill & Melinda Gates Foundation in 2000, now the Gates Foundation. It is the second largest charitable foundation in the world, thanks to the support of other very wealthy individuals like Warren Buffett.
There is Reasonable criticism (Opens in a new tab) How Operated by the Gates Foundation, Much of which comes down to its scale and influence. But even its critics must admit that it has accomplished great things, representing a huge reinvestment of personal wealth in human health around the world.
“For the future, I will donate almost all of my property to the Foundation.” Repeat Gates (Opens in a new tab).. “I move down and eventually get off the list of the wealthiest people in the world.
“I have a duty to return my resources to society in a way that has the greatest impact on reducing suffering and improving life, and other people in great wealth and privilege are at this moment. I hope to step up to. “
