Billionaire philanthropist Bill Gates has disclosed intentions to give away nearly all of his $200 billion wealth, leaving only one per cent for himself, as he shuts down the Bill and Melinda Gates Foundation.
The Microsoft co-founder stated on Thursday in a post on his personal blog, Gates Notes, that the foundation, which is considered to be among the most significant charitable organisations globally, will close its doors by December 31, 2045.
In a chart shared in the blog post, Gates revealed that he plans to give away 99 per cent of his wealth by 2045, leaving just one per cent, or about $1.6 billion, for himself and his family.
Founded in 2000 with his now ex-wife, Melinda French Gates, the foundation has spent over $100 billion on global health, education, and poverty alleviation, helping to fund vaccine development, medical research, and emergency aid around the world.
