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Microsoft founder Bill Gates donates $20 billion to the Bill & Melinda Gates Foundation

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Microsoft founder Bill Gates will donate $20 billion to the Bill & Melinda Gates Foundation, which he founded, Bloomberg News reported on the 13th (local time).

“By donating more,” Gates said in a statement today, “I hope that by donating more, we will help realize the foundation’s vision of alleviating some of the pain we are facing today and giving all people the opportunity to live healthy and productive lives.” I hope,” he said.

The Gates Foundation plans to significantly increase the amount of its annual execution funds from $6 billion to $9 billion per year by 2026. Bill Gates’ donation was made for this purpose, and the foundation’s funds increased to about $70 billion.

Bill Gates later tweeted, “Many people are discouraged by a number of huge ‘retreats’ in recent years, including the COVID-19 pandemic, the Ukraine war, the damage caused by climate change, and the abolition of the right to abortion in the United States.” “Being an optimist, I believe it is possible to mitigate the damage and return to the progress the world has made,” he said. “I plan to donate almost all of my fortune to the foundation for the future,” he added.

Bill Gates and his wife Melinda Gates founded the Gates Foundation in 2000 to support global health systems and fight poverty. The two, who divorced last year, also donated $15 billion to the foundation. Gates Foundation spokeswoman Kate Davidson said, “The two co-chairs continue to make significant contributions.”

According to Bloomberg, the fortunes of Bill Gates and Melinda Gates are $113.7 billion and $10.3 billion, respectively. According to Bloomberg, the Gates Foundation is a “non-profit foundation with strong influence, employing 1,800 people and spending $80 billion since 2000.”

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