Microsoft co-founder and billionaire Bill Gates has pledged to give away all his wealth and eventually "drop off" the world's richest people list.
This comes after Gates, who has a net-worth of around $113 billion and is the world's fourth richest person (as per Bloomberg Billionaires Index) recently announced that he would make a $20bn donation to his philanthropic fund, the Bill & Melinda Gates Foundation.
A couple of days back he tweeted to say ¡°I have an obligation to return my resources to society in ways that have the greatest impact for reducing suffering and improving lives. And I hope others in positions of great wealth and privilege will step up in this moment too.¡±
Adding to this, he also tweeted "As I look to the future, I plan to give virtually all of my wealth to the foundation. I will move down and eventually off of the list of the world¡¯s richest people."
As per BBC report, Bill Gates had first pledged to give away his wealth in the year 2010 but his net worth has more than doubled since then.
In a Twitter thread, Bill Gates also said recently that his foundation would boost its spending from $6bn a year to $9bn by 2026 due to recent "global setbacks" including the pandemic, Ukraine and the climate crisis.
For the uninitiated, the Gates Foundation works in countries to eradicate diseases such as Malaria, improve education and tackle poor sanitation. It was thought to be the world's second largest charitable foundation in 2020, holding $49.8bn in assets and is backed by other wealthy benefactors such as the billionaire investor Warren Buffett, BBC report mentioned.
The foundation is reportedly the largest private donor to the World Health Organisation, second only to the US.?
Last month, Bill Gates had blasted crypto and NFT projects, and said they were shams ¡°based on the greater fool theory¡±, adding sarcastically that obviously, expensive digital images of monkeys are going to improve the world immensely.¡±?
Before this,?Bill Gates?had?revealed in May 2022 that he does not own any cryptocurrency, mentioning that he likes?investing in things that have valuable output,
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