Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Founder Bill Gates from Microsoft said he intends to give away 99% of his huge fortune in the next 20 years.
Gates said that he would accelerate his giving through his foundation, with plans to end his activities in 2045.
“People will say many things about me when I die, but I am determined that ‘he died rich’ will not be one of them,” he wrote in a blog post on Thursday.
Mr Gates, 69, said that his foundation of the same name has already given $ 100 billion (£ 75 billion) to health and development projects, and that he expects to spend another $ 200 billion in the next two decades, depending on markets and inflation.
In Blog postMr Gates called an essay from 1889 by Tycoon Andrew Carnegie called the Gospel of Wealth, which claims that rich people have a duty to bring their fortunes back to society.
Mr. Gates quoted Mr Carnegie, who wrote, “The man who dies thus dies, dies to Shame.”
His newest promise is an acceleration in giving charity. Initially, he and his ex-wife Melinda had planned for the Gates Foundation to continue working a few decades after their death.
Giving away 99% of his fortune could still leave Mr Gates a billionaire-according to Bloomberg, the founder of Microsoft is the fifth richest person in the world.
In the post he shared a timeline of his wealth that showed his current assets at $ 108 billion and a large hand -drawn arrow that went to zero in 2045.
Mr. Gates also said that the foundation would draw out of the donation to give $ 200 billion away.
Together with Paul Allen, Mr. Gates Microsoft founded in 1975 and the company became a dominant power in computer software and other technical industries. Mr. Gates gradually returned from the company this century and resigned as a chief executive in 2000 and as chairman in 2014.
Mr. Gatees said he is inspired to give money away by investor Warren Buffett and other philanthropes, but critics of his foundation say that Mr Gates uses his charity status to prevent tax and that it has inappropriate influence on the worldwide health system.
In his blog post he outlined three main goals for his foundation: eliminating diseases that kill mothers and children; Eliminating infectious diseases, including malaria and measles; And eliminating poverty for hundreds of millions of people.
Mr. Gates criticized the US, the UK and France for lowering their foreign auxiliary budgets.
“It is unclear whether the richest countries in the world will continue to stand up for his poorest people,” he wrote. “But the only thing we can guarantee is that the Gates Foundation will support efforts in all our work to help people and countries get themselves out of poverty.”
He was pointed out more in an interview with the Financial Times, and Tesla CEO and the Ministry of Government Efficiency Efficiency Boss Elon Musk accused personally responsible for the death of children by his cutbacks on the American auxiliary budget, including the dismantling of the US Agency for International Development.
“The image of the world’s richest man who kills the poorest children in the world is not beautiful,” said Mr. Gates.
Mr Gates stated the issue of canceled subsidies to a hospital in the province of Gaza, Mozambique, of which Donald Trump wrongly claimed that he financed condoms “for Hamas” in the Gaza Strip. Mr. Musk later acknowledged that the claim was wrong and said, “We will make mistakes,” but the cost -saving continued.
“I would like (musk) to enter and meet the children who are now infected with HIV because he has cut that money,” Mr. Gates told the FT.
The BBC contacted Mr. Musk for comments.
The Gates Foundation is a donor of BBC Media Action, the charity arm of the BBC that is separate from the company’s news activities.
