On May 8, 2025, Bill Gates announced he will donate 99% of his remaining fortune, estimated at $107 billion, to the Bill & Melinda Gates Foundation, which will now close in 2045, earlier than previously planned. This decision aligns with Gates’ long-standing commitment to philanthropy, focusing on global health and poverty alleviation. The foundation, which distributes $9 billion annually, has significantly impacted child mortality, reducing it by half since 2000. Gates also highlighted that the world’s poorest will benefit from $200 billion through the foundation’s efforts, especially as global aid faces cuts. Posts on X, such as from @globaltimesnews, noted the timing of this pledge amid reductions in international aid. This move ensures the foundation’s resources are maximized over the next two decades to address pressing global challenges. 34news.online
