Bill Gates Doesn't Want To Be Rich Anymore: 'I Will Move Down And Eventually Off Of The List Of The World's Richest People'
by AJ Fabino
September 18, 2022
ZINGER KEY POINTS
The billionaire went on Twitter to announce a $20 billion donation to the Bill & Melinda Gates Foundation.
“I have an obligation to return my resources to society in ways that have the greatest impact ..." says Gates.
While Bill Gates may best be known as the co-founder of Microsoft Corporation, he has been gaining prominence through the years for his philanthropy, opening the doors to the Bill & Melinda Gates Foundation in 2000. Since then, the foundation has doled out more than $79 billion to fund healthcare and education initiatives, among others.
The tech billionaire took to Twitter Inc in July to announce an additional $20 billion donation to the foundation, while essentially saying he doesn’t want to be rich anymore and would rather return his resources to those who need them most.
“As I look to the future, I plan to give virtually all of my wealth to the foundation. I will move down and eventually off of the list of the world’s richest people,” Gates wrote on the platform.
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The foundation intends to increase its yearly spending to $9 billion by 2026, up from the $6 billion being spent per year right now.
With the support and guidance of our board, we plan to increase our spending from nearly $6 billion per year today to $9 billion per year by 2026. To help make this spending increase possible, I am transferring $20 billion to the foundation’s endowment this month. pic.twitter.com/ybLMAKPx7I
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https://www.benzinga.com/general/ent...-of-the-list-2
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