Bill Gates' $200B Philanthropy Plan to Battle Global Poverty
Bill Gates has pledged to donate nearly all his wealth to aid the world's poorest, criticizing cuts to global aid under Elon Musk and Donald Trump's administration. The Gates Foundation aims to spend $200 billion by 2045 on health and poverty initiatives, despite challenges in garnering government support.
In a landmark gesture, Bill Gates has vowed to give away nearly all his wealth, channeling $200 billion into helping the world's impoverished through the Gates Foundation. His announcement comes amid global slashes to aid budgets, with Gates criticizing Elon Musk and Donald Trump for neglecting the vulnerable populations.
Gates, 69, revealed plans to expedite the donation of his fortune, aiming to dissolve the Gates Foundation by December 31, 2045. He expressed determination that his legacy would not include 'dying rich,' emphasizing the urgency of addressing preventable diseases, poverty, and maternal health.
Highlighting the importance of governmental aid, Gates acknowledged the foundation's limits without policy backing. With $100 billion already donated, the foundation's future efforts aim to combat significant health challenges globally. Gates encourages other billionaires to adopt a similar philanthropic approach to aid global development.
(With inputs from agencies.)
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