Microsoft co-founder Bill Gates does not want to be in the list of the world’s richest people. He also pledged to donate his wealth to charity. Last Wednesday, Bill Gates donated another 2 thousand crore (20 billion) US dollars to his charity, the Bill & Melinda Gates Foundation. He announced that he is giving this donation to increase the annual activities of the foundation. He then promised to donate more wealth. BBC news
Currently, Bill Gates is on the fourth place in the list of the richest people in the world. He said he has an obligation to donate his resources to the society.
Earlier Bill Gates announced to donate all his wealth in 2010. But since then his wealth has doubled. According to Forbes magazine, Gates’ current net worth is $118 billion. But Gates’ net worth will be greatly reduced if the assets donated in July go to the foundation. Bill Gates and his ex-wife Melinda Gates established this foundation 22 years ago. It is considered one of the largest charities in the world.
Bill Gates said on Twitter that the amount of annual support from his foundation will increase by 50 percent to 6 billion to 9 billion US dollars by 2026. Funds donated to the foundation will be used to tackle global challenges such as the pandemic, the Ukraine war, and climate change.
Bill Gates said, ‘I plan to give to all foundations looking into the future. I will go down the world’s top rich list and not be on the rich list. I have an obligation to give back my wealth to society, to have an impact on reducing human suffering and improving lives.
I hope other billionaires will also come forward.
Through this new donation by Bill Gates, the amount of money related to the donation of Bill and Melinda Gates for 22 years has increased to about 7 billion US dollars. This includes a $3.1 billion donation from Warren Buffett last month.
The Gates Foundation works in underserved countries to eradicate diseases like malaria, improve education and combat poor health systems. Apart from this, the foundation is also known as the largest donor to the World Health Organization.
Bill Gates was the top richest person on the Forbes list from 1995 to 2010. Then again from 2013 to 2017 he came up in the list of the world’s top rich. In 2017, he was removed from the list of the world’s richest people by Amazon founder Jeff Bezos. However, in 2022, Bezos lost the seat of the world’s richest man. Now the richest man in the world is Tesla CEO Elon Musk.