Business

Bill Gates Pledges $100 Billion to Gates Foundation with a 20-Year Sunset Clause

Bill Gates' Unprecedented Philanthropic Commitment

In a groundbreaking announcement, Microsoft co-founder Bill Gates revealed his plan to invest nearly all of his wealth, approximately $100 billion, into the Gates Foundation. This monumental donation comes with a unique stipulation: the foundation must expend its entire fund within the next two decades and subsequently cease operations.

Doubling Down on Global Impact

Reflecting on the foundation's first 25 years, Gates highlighted the disbursement of over $100 billion, significantly bolstered by Warren Buffett's generosity. Looking ahead, he anticipates doubling this figure, projecting an expenditure exceeding $200 billion by 2045, contingent upon market conditions and inflation rates.

Concerns Amidst Optimism

Despite his confidence in the foundation's future achievements, Gates expressed apprehension regarding potential reductions in aid from the United States and other affluent nations to poorer countries, during an interview with Fortune.