This tech giant founder wants to give his fortune away! Will you receive some of his fortune soon?

The world has seen several individuals rise as the world's wealthiest people.

While there are several names on the list, one of them is instantly recognisable, especially in terms of how he changed the world.

At nearly 70 years old, one of the world's billionaires announced a massive move to be carried out within the next 20 years.


Microsoft co-founder, tech visionary, and philanthropist Bill Gates has spent decades at the top of the global rich list.

However, the 70-year-old tech mogul revealed his plans to give away 'virtually all' of his wealth, estimated at A$312 billion.

So, what's behind this extraordinary pledge, and what could it mean for the world, for Australia, and for the future of philanthropy?


compressed-Bill Gates.jpeg
Bill Gates co-founded Microsoft in 1975 along with Paul Allen. Image Credit: Biography.com


Bill and his ex-wife, Melinda French Gates, established the Bill & Melinda Gates Foundation back in 2000.

The Gates intended for their fortune to fund good works for decades after their passing.

However, Bill Gates decided that he did not want to wait that long.

In a heartfelt post online, Gates explained the rationale behind his decisions.

'There are too many urgent problems to solve for me to hold onto resources that could be used to help people,' he stated.


Bill Gates is not just talking about a few generous donations.

He revealed his plans to distribute almost all of his wealth, leaving just one per cent for himself.

He also announced the closure of the foundation's doors by the end of 2045.

Bill Gates' recent announcement became the most significant philanthropic commitment in modern history.

The Gates Foundation has already given away more than A$156 billion since its inception.

It has funded several efforts, including vaccine development and poverty reduction.


As Bill Gates' redistributes' his wealth, the focus will sharpen on three main goals:
  • Ending preventable deaths of mothers and babies
  • Eradicating deadly infectious diseases
  • Lifting hundreds of millions of people out of poverty
While these were seen as ambitious targets, Gates believed that with the right resources and new technologies, real progress could be made.

Bill Gates' announcement came at a time when government funding for health, foreign aid, and public assistance were under threat in countries like the United States.

He stated that cuts to these programs could stall or even reverse progress on crucial issues like disease prevention and poverty alleviation.


In 2010, he joined forces with Melinda and fellow billionaire Warren Buffett to launch the Giving Pledge.

Giving Pledge encouraged some of the world's wealthiest individuals to commit at least half their fortunes to charity.

More than 240 billionaires have signed on so far, but Gates' latest move raised the bar higher for donations.

'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,' Bill Gates stated.

Learn more about Bill Gates' plan in this video by Fortune Magazine:

Source: Fortune Magazine/YouTube

While the Gates Foundation's work is global, Australians have also benefited from its efforts.

The Gates Foundation has funded several efforts, including vaccine research, disease prevention, and poverty reduction within the country.

Gates' renewed commitment could mean more funding for projects that impact the Asia-Pacific, including Australia's neighbours.

Bill Gates' latest move raised interesting questions about the role of private philanthropy versus government funding.

While some applauded his generosity, others argued that no one person should have that much wealth or power over how it's spent.

Regardless, there's no denying that Gates' pledge is seen as a game-changer.

It sets a new standard for what's possible, and it challenges other wealthy individuals to think bigger about their own legacies.
Key Takeaways

  • Microsoft co-founder Bill Gates announced he will give away 'virtually all' of his estimated A$312 billion fortune within the next 20 years as he aimed to close the Gates Foundation by 2045.
  • The Gates Foundation would be focusing on three main goals: ending preventable deaths of mothers and babies, eradicating deadly infectious diseases, and lifting hundreds of millions out of poverty.
  • Gates stated that he does not want to die rich and hopes his accelerated philanthropy will set an example for other billionaires.
  • The Foundation's plan marked the 'largest philanthropic commitment in modern history'.
Should more billionaires follow Bill Gates' example? Should governments do more to address global challenges, or is philanthropy the way forward? We would love to read your thoughts, so share them with us in the comments section below, and let's get the conversation started.
 

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I went for an appointment with my oncologist and didn't make it past the scales, you have to weigh yourself on the way in and next to it is a little table, I got off the scales and sat down on the little table and couldn't move from there as I couldn't breathe, my doctor, the radiologist, a couple of nurses and the receptionist were all standing in front of me looking worried, someone said I needed to be in emergency so off I was taken then put into intensive care. I was in and out of consciousness but in the background I could hear Troppo talking to the doctors who told him I may never leave the hospital. Then suddenly I felt like I was in a tunnel and I was screaming for Troppo, although no noise was coming out, it was like being in a cone shaped thing then suddenly I was on my way back and the voices around me became clear and I could answer them. I was scared because I thought this was it, I even shocked the doctors when I spoke. They kept me there for 3 days then off to the ward for 7. So that was my little adventure of my last stay, and nearly my last day, I don't know why but I thought i'd share it with you all LOL..
If I ever hear about people experiencing the same thing i'll always believe them, even though I use to think it was a crock of shit..
 
I went for an appointment with my oncologist and didn't make it past the scales, you have to weigh yourself on the way in and next to it is a little table, I got off the scales and sat down on the little table and couldn't move from there as I couldn't breathe, my doctor, the radiologist, a couple of nurses and the receptionist were all standing in front of me looking worried, someone said I needed to be in emergency so off I was taken then put into intensive care. I was in and out of consciousness but in the background I could hear Troppo talking to the doctors who told him I may never leave the hospital. Then suddenly I felt like I was in a tunnel and I was screaming for Troppo, although no noise was coming out, it was like being in a cone shaped thing then suddenly I was on my way back and the voices around me became clear and I could answer them. I was scared because I thought this was it, I even shocked the doctors when I spoke. They kept me there for 3 days then off to the ward for 7. So that was my little adventure of my last stay, and nearly my last day, I don't know why but I thought i'd share it with you all LOL..
If I ever hear about people experiencing the same thing i'll always believe them, even though I use to think it was a crock of shit..
Oh Deni 😔 I hope you are home and resting. I wished there was something we could do to help you.
 
My 'soap-box' has always been 'people like Elon Musk could end world hunger, improving their own image at the same time, but they would rather contribute to space junk and schemes to get richer'. Only the mega-rich could get away with calling a rescuer a 'pedo'. If Bill Gates is sincere, wonderful. There are other rich people who give every day, without having to 'blow their own trumpet'. Dolly Parton contributes millions on a regular basis, gifting millions of books to improve literacy among disadvantaged youth. There are others who do similar.
 
We are talking about the same man who stole his roommates ideas and the roommate took Gates to court over it then Gates was made to pay the roommate a large amount of money , personally I wouldn’t trust anything that has been said about Gates in this post .
 
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Reactions: Greg350
We are talking about the same man who stole his roommates ideas and the roommate took Gates to court over it then Gates was made to pay the roommate a large amount of money , personally I wouldn’t trust anything that has been said about Gates in this post .
FFS, when he was a kid virtually, people do grow and mature.
 
Bill is very generous and giving back. Why would anyone criticize him for his wealth. Good luck to him. It's really wonderful to think these billionaire's are giving to try help the world where it's needed.
Kind regards to all Vicki
 
My 'soap-box' has always been 'people like Elon Musk could end world hunger, improving their own image at the same time, but they would rather contribute to space junk and schemes to get richer'. Only the mega-rich could get away with calling a rescuer a 'pedo'. If Bill Gates is sincere, wonderful. There are other rich people who give every day, without having to 'blow their own trumpet'. Dolly Parton contributes millions on a regular basis, gifting millions of books to improve literacy among disadvantaged youth. There are others who do similar.
Elon Musk, he is totally l don't know what words to describe him. Stange egotistical, space obsessed weird. Even scary when he was by Trump's side another one l cannot find words for.
So true with all his money he could do so much to help people in need instead of worrying about flying into space.
Wouldn't be wonderful if he could help the homeless throughout America, just a thought.
Kind regards to all Vicki
 
Oh Deni 😔 I hope you are home and resting. I wished there was something we could do to help you

I went for an appointment with my oncologist and didn't make it past the scales, you have to weigh yourself on the way in and next to it is a little table, I got off the scales and sat down on the little table and couldn't move from there as I couldn't breathe, my doctor, the radiologist, a couple of nurses and the receptionist were all standing in front of me looking worried, someone said I needed to be in emergency so off I was taken then put into intensive care. I was in and out of consciousness but in the background I could hear Troppo talking to the doctors who told him I may never leave the hospital. Then suddenly I felt like I was in a tunnel and I was screaming for Troppo, although no noise was coming out, it was like being in a cone shaped thing then suddenly I was on my way back and the voices around me became clear and I could answer them. I was scared because I thought this was it, I even shocked the doctors when I spoke. They kept me there for 3 days then off to the ward for 7. So that was my little adventure of my last stay, and nearly my last day, I don't know why but I thought i'd share it with you all LOL..
If I ever hear about people experiencing the same thing i'll always believe them, even though I use to think it was a crock of shit..
Thankou Deni for sharing your experience with us and for giving us all a chance to be with you so you don't feel alone. l hope you are feeling much better and continue to improve. Corny as it may seem to some l have included you in my prayers for a while now and will continue to do so. Stay brave and try not to worry.
 
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Reactions: Suzanne rose
It's a Scam to get more publicity! BG and others like him do nothing, but line their own pockets with more $$$$$$$$
He doesn't want publicity he has already given away 156 Billion dollars. Through my life I have given a lot to charity and not for publicity
 
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Reactions: BellaB18
Thankou Deni for sharing your experience with us and for giving us all a chance to be with you so you don't feel alone. l hope you are feeling much better and continue to improve. Corny as it may seem to some l have included you in my prayers for a while now and will continue to do so. Stay brave and try not to worry.
Deni you are in my thoughts. Stay strong love. Thank you for sharing your experience. Please stay well ❤️‍🩹 we are all sending heartfelt love to you
Love Vicki
 
He could do something truly good with his money by donating a lot of it to Gaza and have boats deliver food and medicine to a people living under horrendous conditions by the zionist regime of Israel's genocide.
That would be using his money the best way possible, especially if he was on the boat delivering the desperately needed aid.

Would Israel dare to bomb his aid boat with him on it like the did with the other boat a few days ago?
 
I went for an appointment with my oncologist and didn't make it past the scales, you have to weigh yourself on the way in and next to it is a little table, I got off the scales and sat down on the little table and couldn't move from there as I couldn't breathe, my doctor, the radiologist, a couple of nurses and the receptionist were all standing in front of me looking worried, someone said I needed to be in emergency so off I was taken then put into intensive care. I was in and out of consciousness but in the background I could hear Troppo talking to the doctors who told him I may never leave the hospital. Then suddenly I felt like I was in a tunnel and I was screaming for Troppo, although no noise was coming out, it was like being in a cone shaped thing then suddenly I was on my way back and the voices around me became clear and I could answer them. I was scared because I thought this was it, I even shocked the doctors when I spoke. They kept me there for 3 days then off to the ward for 7. So that was my little adventure of my last stay, and nearly my last day, I don't know why but I thought i'd share it with you all LOL..
If I ever hear about people experiencing the same thing i'll always believe them, even though I use to think it was a crock of shit..
I’m glad you came back to live some more years 🌹
 

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