Bill Gates Pledges Nearly All His Wealth to Foundation, Setting $200 Billion Philanthropic Push

Bill Gates has announced he will donate 99% of his remaining fortune to the Gates Foundation, empowering it to spend $200 billion over the next 20 years. The foundation, which will now close in 2045, will focus its resources on global health and US education initiatives. This move marks one of the largest philanthropic commitments in history, rivaled only by Warren Buffett's similar pledge. Gates' decision accelerates the timeline for the foundation's impact, aiming to address critical global challenges within a generation. The announcement underscores a growing trend among billionaires to give away their wealth during their lifetimes.