He held the position of richest man in the world for a very long time before being dethroned by newcomers to American Tech, including Elon Musk. But Bill Gates has other goals in mind. In a Twitter thread, he has just explained that he wants to leave the list of the wealthiest men on the planet.
“I have an obligation to return my resources to society”
The billionaire clarifies as follows: Looking to the future, I plan to donate almost all of my wealth to the foundation. I will go down and eventually leave the list of the richest people in the world ».
He goes on to reveal his plan: I have an obligation to return my resources to society in the way that has the greatest impact in reducing suffering and improving lives. And I hope other people in positions of great wealth and privilege will also go down this path. »
Suiting words to deeds, Bill Gates will therefore transfer 20 billion dollars to his foundation’s endowment fund during the month of July. Enough to allow this organization to increase in power with annual expenditure which will increase from 6 billion dollars per year today to 9 billion within four years. As a reminder, the Bill-and-Melinda-Gates Foundation employs 1,541 people to date and deploys its activities aimed at fighting extreme poverty in many countries.
Finally, the billionaire took the opportunity to praise his friend Warren Buffett, stating that half of the foundation’s resources come from him, and that his ” incredible generosity has enabled this organization to move forward.
As a reminder, Bill Gates clearly has plenty to see coming. He has indeed become the largest individual owner of land in the United States and he owns almost 1% of the American territory to this day. You can also read our post which goes into detail on this investment strategy adopted by the entrepreneur.
