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.
BMW is recalling more than 720,000 vehicles in the U.S. over a fire risk, warning owners to park outside and away from buildings until repairs are ...
Tajikistan has urged the international community to increase funding to protect shrinking glaciers and help mountain communities adapt to climate c...
A new study in mice suggests the brain’s protective barrier does more than block harmful substances. It also delivers essential proteins from...
European leaders gathered in Dublin on Thursday, 12 November, for the ninth European Political Community (EPC) summit, with security, defence and energy high on the agenda. Azerbaijani President Ilham Aliyev held talks focused on peace, trade and regional cooperation.
Iran will not let a single particle of its enriched nuclear material leave the country, and any new U.S. attack would be met with strikes on distant American bases, Iranian security chief Mohsen Rezaei has said.
Nvidia chief executive Jensen Huang is stepping down amid reports linking him to a woman suspected by U.S. authorities of spying for China, throwing the future of the $4 trillion chipmaker into uncertainty.
Kazakhstan’s security service has arrested Nurlan Zhakupov, CEO of Samruk-Kazyna, the country’s sovereign wealth fund, on suspicion of corruption. Yelzhas Otynshiyev, Chairman of KTZ, Kazakhstan’s national railway firm has also been detained.
Eight people have been killed and at least 17 injured after an apartment building collapsed into a neighbouring construction site in Brooklyn, New York, as rescuers continued searching the rubble for possible survivors.
BMW is recalling more than 720,000 vehicles in the U.S. over a fire risk, warning owners to park outside and away from buildings until repairs are completed. The recall follows 10 reported fires involving cars previously repaired for the same fault.
The United Nations Children’s Fund (UNICEF) says 3.7 million children in Afghanistan are suffering from acute malnutrition, as worsening drought and funding shortages threaten to deepen the crisis amid the COP31 climate summit in Türkiye.
A consortium of Türkiye’s Limak and Qatar’s HBK Contracting has won an international tender to build and operate a new airport terminal in Bukhara, Uzbekistan, under a 23-year public-private partnership, with the project potentially costing up to $300 million.
Spain’s parliament has approved a government package aimed at easing the country’s housing crisis, a day after workers staged the first general strike in 14 years over soaring housing costs.
Here's your AnewZ Technology Daily Brief for the 13th of November. This week, a Microsoft outage hit Australian agencies, Google restricted mapping data in South Korea, a lawsuit targeted advanced AI development, and Nvidia faced a leadership crisis after Jensen Huang's resignation.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment