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Bill Gates Talks Plans To Give Away $200 Billion (Full Interview)
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May 8, 2025
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13:53Now PlayingThe Gates Foundation plans to give away $200 billion over the next 20 years before shutting down entirely in 2045, marking a new deadline for one of history’s largest and most influential charities.
That target would represent a doubling in spending for the nonprofit, which has disbursed more than $100 billion since it was co-founded by Bill Gates and Melinda French Gates in 2000. Originally, the foundation was set to close 20 years after the Microsoft Corp. co-founder’s death.
“I have decided to give my money back to society much faster than I had originally planned,” Gates, 69, wrote in a statement. Foundation Chief Executive Officer Mark Suzman said in a call with reporters that the giving will equate to roughly 99% of Gates’ remaining fortune.
Gates is the fifth-richest person in the world with a net worth $168 billion, according to the Bloomberg Billionaires Index. He and French Gates have given $60.2 billion to the foundation from its inception through 2024.
The foundation distributes billions of dollars a year to causes around the world — mainly health, global development and education. In its statement Thursday, it said it has helped save 82 million lives through its efforts to increase access to vaccines in low-income countries and its global funding to fight AIDS, tuberculosis and malaria.
In its remaining 20 years, the foundation, which employs more than 2,000 people, will focus on ending preventable childbirth deaths, eliminating deadly infectious diseases and lifting people out of poverty, according to the statement.
On a call with reporters Thursday morning, Suzman also said the foundation will work to improve education in the US and address climate change-related issues, including developing crops with drought resistance.
Watch Bill Gates discus giving away his wealth, USAID cuts, tariffs and more in a conversation with Bloomberg's Francine Lacqua.
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