Gates Foundation to spend $200 bn through 2045 when it will shut down / Photo: © AFP/File
-
LA Coliseum, SoFi Stadium to share 2028 Olympic opening ceremony
-
Trump unveils 'breakthrough' US-UK trade deal
-
Andy Farrell holds out hope for Owen Farrell after Lions omission
-
Trump calls US Fed chair 'fool' after pause in rate cuts
-
Stocks rise as US-UK unveil trade deal
-
UN says Israel school closures in east Jerusalem 'assault on children'
-
Itoje grateful for 'tremendous honour' of leading Lions in Australia
-
Cardinals to vote anew for pope after second black smoke
-
Arsenal fall short again as striker woes haunt Arteta
-
Inter turn attentions to fading Serie A title defence after Barca triumph
-
Elk could return to UK after 3,000 years as plan wins funding
-
Trump announces 'full and comprehensive' trade deal with UK
-
Putin and Xi rail against West as Ukraine reports truce violations
-
England's Itoje to captain British and Irish Lions rugby team in Australia
-
Gates Foundation to spend $200 bn through 2045 when it will shut down
-
Swiatek makes fast start at Italian Open
-
Israel's aid blockade to Gaza 'unacceptable': Red Cross
-
EU threatens to target US cars, planes if Trump tariff talks fail
-
Amnesty says UAE supplying Sudan paramilitaries with Chinese weapons
-
Bank of England cuts interest rate as US tariffs hit economy
-
Germany slams Russian 'lies' on Ukraine in WWII commemoration
-
Pakistan and India accuse each other of waves of drone attacks
-
Thrilling PSG home in on elusive Champions League trophy
-
Wolf protection downgrade gets green light in EU
-
Fijian Olympic medallist Raisuqe killed after car hit by train
-
EU parliament backs emissions reprieve for carmakers
-
Trump announces trade agreement with UK
-
Global temperatures stuck at near-record highs in April: EU monitor
-
Stocks rise as Trump signals US-UK 'trade deal'
-
Second black smoke, cardinals to vote again for new pope
-
Screams and shattered glass under Pakistan bombardment
-
Drone strikes spark civilian exodus from army-controlled Sudan aid hub
-
First responders in Gaza run out of supplies
-
Pakistan shoots down 25 Indian drones near military installations
-
Xi meets Putin in Moscow as Ukraine reports truce violations
-
Israel forces close UN schools in annexed east Jerusalem
-
Trump to announce 'trade deal' with UK
-
'Jumbo': the animated Indonesian film smashing records
-
Stocks rise on trade hopes, London boosted by reports of deal
-
Emirates airline group announces record $6.2 bn gross profit
-
Accused mushroom murderer sent children to movies before deadly meal
-
Nintendo forecasts 15 million Switch 2 sales in 2025-26
-
Australian Greens chief loses his own seat
-
Toyota cites tariffs as it forecasts 35% net profit drop
-
Wolf protection downgrade set for green light in EU
-
Global cult following keeps Le Creuset simmering
-
Austria's JJ makes operatic pop soar at Eurovision
-
Toyota cites tariffs as it forecasts 35% drop in 2025-26 net profit
-
Depoliticising Eurovision 'impossible', experts say
-
Trump official to unveil ambitious US air traffic control upgrade
NYSE - LSE
| RBGPF | 4.34% | 65.86 | $ | |
| RYCEF | 4.69% | 10.67 | $ | |
| CMSC | 0.09% | 22.18 | $ | |
| NGG | -2.86% | 70.55 | $ | |
| BCC | 4.01% | 90.74 | $ | |
| SCS | 5.61% | 10.499 | $ | |
| GSK | -0.64% | 36.935 | $ | |
| RELX | -0.95% | 54.355 | $ | |
| RIO | -1.21% | 59.3 | $ | |
| AZN | -3.6% | 67.635 | $ | |
| BTI | -2.38% | 43.415 | $ | |
| JRI | -0.08% | 13.015 | $ | |
| VOD | -1.18% | 9.29 | $ | |
| BCE | 5.05% | 22.38 | $ | |
| CMSD | -0.18% | 22.37 | $ | |
| BP | 1.93% | 28.685 | $ |
Gates Foundation to spend $200 bn through 2045 when it will shut down
The Gates Foundation plans to spend more than $200 billion over the next 20 years, accelerating its public health mission and shutting down in 2045, the organization said Thursday.
The new timetable means a change to the organization's charter, which planned for the foundation to sunset 20 years after the death of Bill Gates.
The shift is driven by "urgency and opportunity," as artificial intelligence advances boost the potential for human wellbeing even as governments cut back on aid funding, the foundation said.
"During the first 25 years of the Gates Foundation -- powered in part by the generosity of Warren Buffett -- we gave away more than $100 billion," Gates, 69, said in a blog post, referring to the influential American investor.
"Over the next two decades, we will double our giving," Gates wrote.
The blog post contained a chart showing Gates's net worth plummeting 99 percent over the next 20 years. Gates is currently listed as the 13th on the Forbes "real-time" billionaire list, with a net worth of $112.6 billion.
"People will say a lot of things about me when I die, but I am determined that 'he died rich' will not be one of them," Gates wrote.
"There are too many urgent problems to solve for me to hold onto resources that could be used to help people."
The Bill and Melinda Gates Foundation launched in 2000, the same year Bill Gates stepped down as CEO of Microsoft. In 2024, Melinda French Gates exited the foundation three years after the couple's divorce.
Gates cited progress in launching global public health efforts including campaigns to eradicate polio and the creation of a new vaccine for rotavirus that has helped reduce the number of children who die from diarrhea each year by 75 percent.
"By accelerating our giving, my hope is we can put the world on a path to ending preventable deaths of moms and babies and lifting millions of people out of poverty," Gates said in the blog.
Separate from the Gates Foundation, the Microsoft founder said he plans to continue to provide funding for initiatives to expand access to affordable energy and for breakthrough research into Alzheimer’s disease.
E.Gasser--VB
