{"id":22471,"date":"2025-05-09T19:30:11","date_gmt":"2025-05-09T16:30:11","guid":{"rendered":"https:\/\/reganews.co.il\/en\/?p=22471"},"modified":"2025-05-09T16:20:17","modified_gmt":"2025-05-09T13:20:17","slug":"gates-foundation-to-close-by-2045-after-distributing-entire-fortune","status":"publish","type":"post","link":"https:\/\/reganews.co.il\/en\/gates-foundation-to-close-by-2045-after-distributing-entire-fortune\/","title":{"rendered":"Gates Foundation to Close by 2045 After Distributing Entire Fortune"},"content":{"rendered":"
Billionaire Bill Gates announced Thursday that he plans to give away nearly all of his wealth\u2014estimated at approximately $200 billion\u2014over the next 20 years. Gates, who co-founded the Gates Foundation with his ex-wife Melinda French Gates in 2000, stated that the foundation will cease operations on December 31, 2045, once all funds have been distributed.<\/p>\n
Aiming to Set an Example for Other Billionaires<\/strong> \nThe dramatic announcement comes amid Gates\u2019 efforts to accelerate the foundation\u2019s work in areas such as global health and poverty reduction\u2014particularly in light of funding cuts to health aid programs made under President Donald Trump\u2019s administration. Gates explained that he hopes to set an example for other billionaires by using his wealth for critical social causes during his lifetime.<\/p>\nMicrosoft offices in Herzliya Pituach, Israel | Photo: Moshe Shai\/FLASH90<\/figcaption><\/figure>\n
In a statement published on his personal blog, Gates emphasized that he has no desire \u201cto die rich,\u201d saying: \u201cThere are too many urgent problems to solve for me to hold on to resources that could be used to help people.\u201d He added that his net worth is expected to decrease by 99% by 2045 as a result of his donations.<\/p>\n
The Foundation Will Focus on Three Key Goals<\/strong> \nThe Gates Foundation, considered one of the world\u2019s largest philanthropic organizations, has already donated over $100 billion since its founding. Its work spans a wide range of areas, including vaccine development, combating infectious diseases, and lifting hundreds of millions of people out of poverty.<\/p>\nDonald Trump | Photo: Shutterstock<\/figcaption><\/figure>\n
Going forward, the foundation will focus on three primary goals: preventing deaths of mothers and infants, eradicating infectious diseases, and helping millions escape poverty.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bill Gates announces he will give away nearly his entire fortune\u2014estimated at around $200 billion\u2014over the next 20 years; The foundation he founded will shut down by the end of 2045.<\/p>\n","protected":false},"author":40,"featured_media":22474,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,2276],"tags":[5420,2264,2262,5421,5422,5424,3966,3957,5423,5425],"class_list":["post-22471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-people","tag-bill-gates","tag-donald-trump","tag-elon-musk","tag-gates-foundation","tag-global-health","tag-infectious-diseases","tag-microsoft","tag-philanthropy","tag-poverty-reduction","tag-wealth-distribution"],"yoast_head":"\n
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