Bill Gates donates $20 billion to lose the richest title in the world

Bill Gates is about to give the most money he’s ever given away. The businessman deposits $ 20 billion into the account of the Bill and Melinda Gates Foundation, which he founded with his ex-wife Melinda French Gates. The foundation helps with many things, such as helping disaster areas or improving health care in some places.

This is how your fortune is used

The foundation, which is in its 20th year, is one of the largest charities in the world. With this money, it will reportedly increase the amount it gives to charities each year from $6 billion to $9 billion by 2026. This could be to address new issues such as the coronavirus pandemic and the war in Ukraine.

Bill Gates and his ex-wife have both said they will donate most of their wealth to this foundation and other charities. Both said they would continue working together for another two years, until 2023. After that, French Gates can say she wants to leave the foundation and Gates will pay her for it. However, it looks like she will stay connected to the foundation by giving a lot of her money to it.

According to the Bloomberg Billionaires Index, Bill Gates is now the fourth richest person in the world. He said he won’t always be on that list and that he plans to get rid of it with these donations. In a post, he said: “I will lose money and eventually fall off the list of the richest people in the world.” “I have a duty to give back to society in a way that helps the most people and has the most impact. I hope that other people who are very lucky and strong at this time will do the same.”

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Bill Gates made most of his money working at Microsoft, a company that changed the world of personal computing and made it possible for as many people as possible to have a computer in their home. He stepped down as president in 2014 so he could focus on his work for the Bill and Melinda Gates Foundation. His responsibilities included conducting conferences and doing work to raise awareness of issues such as climate change.

Gates learned a lot from Warren Buffett, who is also one of the richest people in the world. Buffett also said he would give his entire fortune to charity before he died. Even though his kids will get something from him, they won’t get huge fortunes like other billionaires. Gates wants to use the money he earns to change and improve the world, even if it is currently in a bad place.

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