Bill Gates has renewed his commitment to philanthropy by saying he plans to donate almost all of his $200 billion fortune in the next two decades. Al-Gates, on the other hand, is focused on urgent world problems – the fight against diseases, better care for mothers and children, elimination of poverty. Gates emphasizes that he views giving as a duty bearer and not a loss. ​

Key Highlights:

• $200 Billion Pledge: Bill Gates plans to donate nearly all his $200 billion fortune over the next 20 years.
• Foundation Closure by 2045: The Bill & Melinda Gates Foundation is set to wind down operations by December 31, 2045.
• Annual Budget Increase: The foundation's budget has reached $8.74 billion in 2025, aiming for $9 billion by 2026.
• Critique of Aid Cuts: Gates criticizes Elon Musk's significant cuts to USAID, warning of potential global health crises.
• Focus on Global Health: The philanthropic efforts target disease eradication, maternal and child health, and poverty alleviation.

Foundation's Strategic Shift

Formerly established in 2000, the Bill & Melinda Gates Foundation has been a significant force in the area of shaping global philanthropy. With its aim of dismantling by December 31, in view, the overwhelming goal of the change is to maximize the impact of the resources that the foundation has left.

Concerns Over Aid Reductions

Gates has vigorously complained about recent funds cuts for the U.S. Agency for International Development (USAID), which has now been covered under Elon Musk’s Department of Government Efficiency (DOGE) program. Such cuts may lead to more health emergencies across the globe, more deaths for the less fortunate out there.

A Call to Action

There is Gates' call for more generous benevolence from other billionaires and philanthropists in the realms of global health and development, apart from what he has so concretely done. He argues that interconnectivity plays a vital role in solving the world’s solving of global problems and increase in greater equality around the globe.