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.
Several huge global setbacks over the past few years have left many people discouraged and wondering whether the world is destined to get worse.
