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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.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Madagascar’s President Andry Rajoelina postponed a planned national address on Monday after a group of soldiers threatened to seize the headquarters of the state broadcaster, according to the presidency.
The European Union’s next wave of eastward enlargement, particularly involving candidate countries in Central and Eastern Europe, could prove decisive for Europe’s energy security and competitiveness.
Venezuela has closed its embassy in Oslo, Norway’s foreign ministry confirmed on Monday, days after opposition leader Maria Corina Machado won the 2025 Nobel Peace Prize.
NATO is reinforcing its eastern flank as Italy deploys Eurofighter Typhoons to Estonia, Finland opens a new Northern Land Forces Command, and European allies push for a continent-wide “Drone Wall” following Russian drone incursions that exposed gaps in the alliance’s air defences.
Russian jets and drones are testing NATO’s defences, pushing Europe to rethink how it secures its airspace. Italy has deployed Eurofighter Typhoon jets to Estonia’s Amari Air Base, replacing F-35s under NATO’s Baltic Air Policing mission.
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