"People will say a lot of things about me when I die, but I am determined that 'he died rich' will not be one of them."
"This strategy represents a shift away from the idea of 'foundation perpetuity,' where large endowments are preserved and pay out smaller annual grants."
Bill Gates has pledged to give away the majority of his wealth, announcing a timeline for the Bill & Melinda Gates Foundation's closure by December 31, 2045. He aims to combat global challenges through a substantial increase in annual funding, targeting $9 billion a year. This marks a fundamental shift from traditional philanthropic models, emphasizing immediate impact rather than long-term sustainability. Gates' resolve to not be remembered as 'rich' underscores his intent to contribute significantly to societal issues, projecting an additional $200 billion in contributions by 2045.
Read at stupidDOPE | Est. 2008
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