“I will move down and eventually off of the list of the world’s richest people,” Bill Gates wrote. “I have an obligation to return my resources to society in ways that have the greatest impact for improving lives.”
New York Bill Gates is moving $20 billion of his wealth into the endowment of the Bill and Melinda Gates Foundation, which is ramping up its spending in the face of global challenges including the pandemic and the war in Ukraine.
The foundation, one of the world's largest philanthropies, plans to increase its payouts by 50% over pre-pandemic levels, from nearly $6 billion to $9 billion each year by 2026. The foundation is primarily focused on charitable giving that's aimed at improving global health, gender equality and education, among other issues.
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