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Bill Gates to give away $200 billion by 2045, says Musk is 'killing' world's poorest children (www.reuters.com)

submitted 1 month ago by remington@beehaw.org to c/news@beehaw.org

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[–] theangriestbird@beehaw.org 12 points 1 month ago (5 children)

It will close after it spends around 99% of Gates' personal fortune, he said. The founders originally expected the foundation to wrap up in the decades after their deaths. Gates, whose fortune is currently valued at around $108 billion, expects the foundation to spend around $200 billion by 2045, with the final figure dependent on markets and inflation.

Look , I know we should analyze the Gates Foundation's spending closely and make sure the money is going to effective places. I know it would be better if we taxed these assholes and resdistributed wealth in a more efficient way. But I want to believe that this is genuine, and Gates is having a late-life crisis change of heart and realizes that billionaires should not exist. giving away 99% of your personal fortune is pretty sincere, if he follows through.

[–] JohnEdwa@sopuli.xyz 8 points 1 month ago

He has been going at it for over three decades already (Gates foundation was started in 1994) and he founded and signed the Giving Pledge in 2010, so it isn't really that late-life.

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