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Bill Gates to Donate $200 Billion, Close Foundation by 2045

5/14/2025

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Summary

Story summary

Bill Gates intends to close the Gates Foundation by December 31, 2045, donating nearly all of his $200 billion fortune over 20 years.
Following Andrew Carnegie’s "The Gospel of Wealth," Gates targets global health, poverty, and education.
The Foundation has distributed over $100 billion and plans to double its giving, prioritizing maternal health and infectious diseases.
Gates criticized Elon Musk for undermining U.S. foreign aid and highlighted AI's potential in global health.
He seeks to ensure that leaving a vast fortune is not part of his legacy.

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Story summary

Bill Gates intends to close the Gates Foundation by December 31, 2045, donating nearly all of his $200 billion fortune over 20 years.
Following Andrew Carnegie’s "The Gospel of Wealth," Gates targets global health, poverty, and education.
The Foundation has distributed over $100 billion and plans to double its giving, prioritizing maternal health and infectious diseases.
Gates criticized Elon Musk for undermining U.S. foreign aid and highlighted AI's potential in global health.
He seeks to ensure that leaving a vast fortune is not part of his legacy.