Bill Gates' Bold Vision: $200 Billion for Global Aid and a Clash with Elon Musk
Bill Gates announced plans to donate $200 billion through his foundation by 2045, while critiquing Elon Musk for cuts to the U.S. foreign aid budget. The Gates Foundation aims to eradicate diseases, reduce poverty, and prevent deaths. Gates warned that philanthropy alone can't replace governmental support.
In a significant declaration, Bill Gates announced on Thursday his intention to donate $200 billion via the Gates Foundation by 2045, accusing Elon Musk of jeopardizing the U.S. foreign aid budget. Gates criticized Musk for contributing to the reduction in foreign aid, potentially threatening crucial programs worldwide.
Gates, who plans to accelerate funding towards eradicating diseases like polio and malaria, expressed concern that aid cuts could reverse decades of global health progress. He emphasized that government support is indispensable to achieving global health improvements, even though his foundation's budget will increase significantly.
The announcement comes on the foundation's 25th anniversary, with Gates highlighting the foundation's achievements. He underscored the need for collective commitment to global aid and health, citing the importance of governmental backing alongside philanthropic efforts to uphold global humanitarian values.
(With inputs from agencies.)
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