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Bill Gates pledges to give away his wealth

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2 years ago

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The fourth richest man has pledged to “drop off” world’s rich list with $20 billion donation

Bill Gates has once again made the pledge to give his wealth away, saying that he will eventually “drop off” the world’s rich list.

It comes as the Microsoft co-founder announced that he will donate $US20bn to his philanthropic fund, the Bill and Melinda Gates Foundation.

“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.

Bill Gates

The billionaire initially vowed to give away his wealth in 2010 yet his wealth has more than doubled since

Currently, he is worth $118bn, however this will fall drastically after his donation to the charity he set up with his ex-wife in 2000.

“I have an obligation to return my resources to society in ways that have the greatest impact for reducing suffering and improving lives. And I hope others in positions of great wealth and privilege will step up in this moment too.”

Bill Gates

Gates said in a twitter thread that the foundation will boost its yearly spending from $6bn to $9bn by 2026. This is due to recent “global setbacks” such as the pandemic, war in Ukraine, and climate crisis.

Bill gates made the announcement in a twitter thread

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U.S. Federal Reserve announce rate cut, show great confidence in economy

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2 days ago

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September 19, 2024

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The Federal Reserve has delivered a big rate cut to boost the economy while inflation slows.

The central bank slashed interest rates by a half percentage point, hoping to protect the job market while inflation inches closer to its 2% goal.

Fed Chair Jerome Powell says the decision reflects growing confidence in balancing the economy’s growth with low inflation. #featured #trending

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Money

Markets brace for potential 50-point fed rate cut

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4 days ago

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September 17, 2024

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Markets are anticipating a significant 50-point rate cut from the US Federal Reserve this week, leading to heightened focus on bond markets and key economic reports.

Financial markets are focused on a potential 50-point rate cut by the US Federal Reserve, as investors anticipate major shifts in economic policy.

The bond markets, already pricing in a borderline hard landing, reflect the expectation of a significant easing cycle over the next two years.

However, experts caution that the Fed could disappoint, as the current economic conditions differ from previous events such as the pandemic or credit crises. #featured #trending

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Bitcoin’s Q4 outlook: key factors and upcoming milestones

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5 days ago

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September 16, 2024

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Insights into market trends and critical events shaping Bitcoin’s performance

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, Caroline speaks with Matt Willemsen, Head of Research & Content at Collective Shift, about what could drive Bitcoin’s strong performance in Q4. They explore how the current market differs from past cycles, the ongoing Solana vs. Ethereum debate, and the role of project-specific conferences in market trends. Matt previews key Q4 events, including the Solana Breakpoint conference and upcoming altcoin milestones like Uniswap v4 and Polygon 2.0. #crypto corner

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