The amazing life of Bill Gates opens a new chapter.
Gates announced on Thursday that he now plans to distribute “virtually all” of his wealth — around $200 billion, he estimates — within the next 20 years, before shuttering the Gates Foundation on December 31, 2045.
Gates wants to accelerate the foundation’s work on global health and equity initiatives and hopes the move will set a model for other billionaires, he said in a blog post published Thursday morning.
The pledge builds on Gates’ track record of promoting philanthropy.
He, along with ex-wife French Gates and Warren Buffett, launched the Giving Pledge in 2010 to encourage wealthy individuals to donate most of their fortunes to charitable causes either during their lifetimes or in their wills.
It now has more than 240 signatories. (CNN)
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