Bill Gates to Give Away Fortune

Bill Gates, the co-founder of Microsoft, has announced his intention to give away 99% of his fortune over the next two decades. Gates plans to accelerate his charitable giving through the Gates Foundation, aiming to conclude its operations by 2045.

The foundation has already donated $100 billion towards health and development projects worldwide. Gates expects it to spend an additional $200 billion in the coming years, depending on market conditions and inflation.

Inspired by Andrew Carnegie's essay 'The Gospel of Wealth,' Gates believes that wealthy individuals have a responsibility to return their fortunes to society. He has outlined three main goals for his foundation: eliminating preventable diseases affecting mothers and children, eradicating infectious diseases like malaria and measles, and helping millions of people escape poverty.