Bill Gates Announces $200 Billion Philanthropy Plan by 2045

Bill Gates has announced a plan to distribute nearly all of his $200 billion fortune through the Gates Foundation over the next 20 years, with the foundation set to close by the end of 2045. This marks a shift to a more aggressive, value-driven philanthropy approach aimed at doubling the foundation's impact, particularly in global health and education, focusing on saving millions of lives, especially women and children affected by diseases like HIV and malaria. Gates emphasized the urgency of increased spending to address persistent global challenges and expressed hope that other wealthy individuals will continue the work after the foundation closes. The announcement coincides with concerns over the Trump administration's proposed drastic cuts to U.S. foreign aid, which experts warn could increase child mortality and undermine global health progress. Reflecting on 25 years of achievements, Gates sees this as a final chapter to maximize philanthropic efforts while acknowledging the importance of sustained support from future donors. He also plans to keep a small portion of his wealth for his children, diverging from giving away 100 percent of his assets.