Ever since stepping down from running the day-to-day at Microsoft, founder Bill Gates has focused most if not all of his time and energy towards philanthropic efforts. The 67-year-old billionaire does most of his good work through the Bill & Melinda Gates Foundation, a foundation he started with his ex-wife in 2000. Ever since the outbreak of the COVID-19 pandemic, the 67-year-old has stepped up his efforts in both donations as well as research in the prevention of another pandemic. Recently, in a string of tweets, Gates explained why over the next few years his position on the billionaire's index would continue slipping down.
$103 Billion Worth Bill Gates Aims to Donate $9 Billion a Year by 2026 to Make the World a Better Place
Bill Gates Reveals His Plans
In a Twitter thread from earlier this year, Gates outlined all the primary issues he thinks are plaguing the world at the moment. The author of How to Prevent the Next Pandemic went on to share his thoughts on the pandemic branding it 'one of the biggest setbacks in history'. Gates also termed the war on Ukraine as a 'gigantic tragedy for the entire world'. He also stated that the damage from climate change was already worse than most models predicted.
A Massive Donation
In order to combat all the aforementioned problems and many more, Gates made pledged a huge amount. In a tweet he said, "Melinda and I started the @gatesfoundation in 2000 because we believed that every person should have the chance to live a healthy and productive life. That vision remains the same, but the great crises of our time require all of us to do more."
$9 Billion a Year
He continued, "With the support and guidance of our board, we plan to increase our spending from nearly $6 billion per year today to $9 billion per year by 2026. To help make this spending increase possible, I am transferring $20 billion to the foundation’s endowment this month."
Ever since Bill Gates started his foundation, Warren Buffet has not only been extremely supportive but he has also been one of the biggest donors. The Chairman of Berkshire Hathaway was one of the first businessmen to sign up for the giving pledge instituted by Bill and Melinda Gates in 2010 - a movement of philanthropists who commit to giving the majority of their wealth to philanthropy or charitable causes, either during their lifetimes or in their wills. Since 2006, Buffet has donated a mind-boggling $35.7 billion to the Bill & Melinda Gates Foundation.