On the 25th anniversary of the Gates Foundation, Bill Gates announced plans to donate nearly all of his personal wealth over the next two decades, aiming to provide $200 billion in support to the world’s poorest communities, especially as global aid budgets face significant reductions.
Bill Gates has pledged to give away nearly his entire fortune by 2045, committing around $200 billion through the Gates Foundation to tackle critical global challenges such as child mortality, poverty, and preventable diseases.
The announcement came as the Gates Foundation marked its 25th anniversary. Gates emphasized the urgency of acting now, given the reductions in international aid by several governments. “There are too many urgent problems to solve for me to hold onto resources that could be used to help people,” he wrote in a personal note on his website.
Gates expressed concern over declining support from some of the world’s largest donor nations, including the U.S., U.K., and France. He stressed that meaningful progress on global health issues - such as polio, malaria, and maternal health - depends on a combination of private philanthropy and continued public sector support.
While referencing cuts to the U.S. aid budget under current administrative reforms, Gates underscored his desire to fill some of the gaps created by reduced public spending. He also noted that while private foundations play a vital role, governments remain central to achieving lasting solutions, particularly in funding large-scale health initiatives.
Gates highlighted the need for international collaboration, noting that African nations have taken proactive steps to offset budget shortfalls. Still, he cautioned that key goals, like eradicating polio, require broader global backing.
The Gates Foundation has already disbursed $100 billion since its inception in 2000, funding programs like Gavi, the Vaccine Alliance, and the Global Fund to Fight AIDS, Tuberculosis, and Malaria. The foundation’s annual budget is set to reach $9 billion by 2026. Gates said the organization would spend about 99% of his wealth before closing its doors by the end of 2045.
Gates acknowledged that the foundation has occasionally faced scrutiny over its influence in global health policy, but reaffirmed his belief in its mission. “I hope other wealthy individuals consider how much they can accelerate progress for the world’s poorest if they increase the pace and scale of their giving,” he added.
The philanthropist also noted that he has been in touch with President Donald Trump in recent months to discuss the importance of sustained investment in global health and development.
Norway’s Sturla Holm Laegreid, who won bronze in the men’s biathlon at the Milano Cortina 2026 Winter Olympics on Tuesday (10 February) in Italy, ...
Mexican Alpine skier Lasse Gaxiola will have his mother for company on his Olympic debut but she will not be cheering him from the finish area in Satu...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 11th of February, covering the latest developments you need to...
A proposed multinational peacekeeping force for Gaza could involve around 20,000 personnel, with Indonesia estimating it may contribute up to 8,000, a...
U.S. President Donald Trump says Washington could deploy a second aircraft carrier strike group to the Middle East if nuclear negotiations with Iran c...
Norway’s Sturla Holm Laegreid, who won bronze in the men’s biathlon at the Milano Cortina 2026 Winter Olympics on Tuesday (10 February) in Italy, stunned viewers by publicly admitting he had cheated on his girlfriend and pleaded for another chance during post-race interviews.
Mexican Alpine skier Lasse Gaxiola will have his mother for company on his Olympic debut but she will not be cheering him from the finish area in Saturday's giant slalom in Bormio because she will be three hours away preparing her own race.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 11th of February, covering the latest developments you need to know.
Canadian Prime Minister Mark Carney said a bridge project linking Canada’s Ontario province with the U.S. state of Michigan would contribute to cooperation between the two countries.
JD Vance arrived in Armenia on Monday (9 February), becoming the first sitting U.S. Vice President to visit the country, as Yerevan and Washington agreed to cooperate in the civil nuclear sector in a bid to deepen engagement in the South Caucasus.
The United States and Azerbaijan signed a strategic partnership in Baku on Tuesday (10 February) encompassing economic and security cooperation as Washington seeks to expand its influence in a region where Russia was once the main power broker.
António José Seguro’s decisive victory over far-right challenger André Ventura marks an historic moment in Portuguese politics, but analysts caution that the result does not amount to a rejection of populism.
Buckingham Palace said it is ready to support any police investigation into allegations that Prince Andrew shared confidential British trade documents with late sex offender Jeffrey Epstein, as King Charles expressed “profound concern” over the latest revelations.
Iran’s atomic energy chief says Tehran could dilute uranium enriched to 60 per cent if all international sanctions are lifted, stressing that technical nuclear issues are being discussed alongside political matters in ongoing negotiations.
Norway’s Sturla Holm Laegreid, who won bronze in the men’s biathlon at the Milano Cortina 2026 Winter Olympics on Tuesday (10 February) in Italy, stunned viewers by publicly admitting he had cheated on his girlfriend and pleaded for another chance during post-race interviews.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 11th of February, covering the latest developments you need to know.
A proposed multinational peacekeeping force for Gaza could involve around 20,000 personnel, with Indonesia estimating it may contribute up to 8,000, a spokesman for Prabowo Subianto said on Tuesday.
U.S. President Donald Trump says Washington could deploy a second aircraft carrier strike group to the Middle East if nuclear negotiations with Iran collapse, warning of tougher action if no deal is reached.
Ten people including the shooter are dead after an assailant opened fire at a high school in western Canada on Tuesday in one of the country's deadliest mass casualty events in recent history.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment