Bill Gates, the co-founder of Microsoft, recently took the biggest step of his life. His step is only a turning point in his personal life but has also become an inspiration for humanity globally. Gates has pledged to end his Bill & Melinda Gates Foundation by 2045 and return most of his lifetime wealth to society through this foundation.
Bill Gates Pledges to donate $200 billion (his 99% wealth) by 2045 and Close Foundation
Gates announced that he will donate 99% of his total wealth, which is around $107 billion in today’s time. Bill Gates has pledged to donate $200 billion over the next two decades by 2045, focusing on global health and education initiatives. Gates emphasized the importance of addressing critical issues such as child mortality and education, aiming to improve lives around the world through his charity.
This step is much bigger than any other donor, and it is likely to become the largest donation amount in American history. His pledge, which he wrote in his blog post, makes it clear that he has made a firm decision to use his wealth for the good of society. He said that “this is the right time for me to hand over my wealth to the society because there are many serious issues in the world that need to be solved.”
History and purpose of the Gates Foundation
The purpose of the Gates Foundation is to support people in the fields of health, education, and global development. Till now Gates Foundation has donated more than seven billion dollars for works focused on health, education, and maintaining social values. Gates spent more than $100 million on this foundation. This foundation works especially for people living in low-income countries, where dangerous diseases like malaria often kill millions of people. Through this foundation, Gates has tried to save the lives of millions of people around the world.
However, now Gates has decided to end the foundation by 2045 and pledged to spend more than $200 million on it in the next 20 years. The purpose of this decision is to ensure that more and more people can be helped in their lifetime and the impact of their contribution. Gates believes that in the next 20 years, there will be significant progress in the fields of global health, education, and poverty alleviation.
Gates’ vision for the future
Gates also said that he plans to take advantage of the rapid development taking place in the field of science and technology in the future, which includes artificial intelligence and innovations in the medical field. Through these technologies, he wants to ensure that even the poorest people in the world can benefit from advanced treatment and services. Apart from this, he wants to improve the field of education and the status of women.
Gates believes that this period of 20 years is the time for his plans to work completely according to his plan. Because during this time there have been many big advancements in the fields of life, technology, and health. He also said that he will use all his wealth during this time so that the benefits of the improvements made in these areas can be passed on to all the people of the world.
Gates’ donation and the controversy associated with it
While this move of Gates is being appreciated all over the world, there are some critics who are considering his move with doubt. Some critics believe that Gates and his foundation have had a greater impact on the global health systems. And he also says that he is trying to get tax exemption through his organization. However, Gates has rejected this criticism and said that his aim is the welfare of the society, and for this he has spent his donation not for his own life but for the future generations.
Gates’ lasting legacy
Gates said that his move is to bring permanent change in the society, and he emphasizes that his aim is not only to maintain the progress made so far but also to take care of the changes that will happen in the future. He believes that a better future for humanity is possible through science and technology. And the contribution of his foundation can bring about this change. This charity is coming from a man who has dedicated his life not only to technological innovations but also to the betterment of humanity. His move gives us an opportunity to understand that money can be used not only for personal happiness but also for the betterment of society.
So, this decision by Bill Gates is an inspiration, which will not only affect his personal life but the whole world. This move proves that if the wealthy people of the society use their resources properly, then the lives of millions of people can be improved. This donation by Gates can bring a new era in global health, education, and development and pave the way for a lasting change for the generations to come.
