Philanthropist Bill Gates plans to donate a substantial sum of $200 billion by the year 2045.
In a bold move on Thursday, tech magnate Bill Gates vowed to dish out a staggering $200 billion via his charitable foundation by 2045. The Microsoft co-founder, now 69, also took aim at Elon Musk, the world's richest man, accusing him of contributing to the deaths of the world's poorest children due to steep cuts in US foreign aid.
Kicking his philanthropic endeavors into high gear, Gates is expediting his plans to offload almost his entire fortune. He's aiming to wrap up business for the foundation by December 31, 2045 - an earlier deadline than initially planned. His goal? To obliterate diseases like polio and malaria, prevent unnecessary deaths among women and children, and whittle down global poverty.
This announcement follows a trend among governments, including Donald Trump's administration, to curtail international aid budgets. The US cuts have been overseen by Elon Musk's Department of Government Efficiency.
Addressing the Financial Times, Gates paint a grim picture, stating, "The image of the world's wealthiest man murdering the world's poorest children isn't pleasant." In an interview with Reuters, he predicted a drastic reversal in the progress made over decades in reducing mortality rates within the next four to six years due to the funding cuts. "The figure of deaths will start climbing for the first time...it's going to amount to millions more deaths due to the lack of resources," he warned.
Despite initially agreeing on the role of the privileged in aiding others, Gates and Musk have since had their fair share of squabbles. Gates declared, "When I kick the bucket, people will grumble about many things I've done, but 'he died rich' won't be one of them," signaling his commitment towards charitable giving.
[1] Bill Gates plans to donate $200 billion by 2045, with the foundation set to close in 2045, emphasizing maximizing immediate impact on global health, education, and equity initiatives. [2] Gates' criticisms towards Elon Musk's stance on cutting foreign aid align with his focus on maintaining and increasing funding for global public health and development initiatives, especially when governmental support is dwindling.
[3] In response to Elon Musk's department overseeing US foreign aid cuts that have been detrimental to health-and-wellness initiatives, particularly malaria reduction efforts, Bill Gates has agreed that the wealthy have a role in aiding others.
[4] The billionaire philanthropist, Bill Gates, has warned that the lack of resources due to funding cuts, as a result of the US administration's policies, could lead to an increase in deaths, especially among women and children, in the upcoming decades, making headlines in general news and politics.
