Bill Gates is willing to stop being in the millionaire rankings due to his decision to donate most of his fortune to important projects that are intended to benefit humanity.
Philanthropist Bill Gates has topped the millionaire lists for several years, in Forbes he is the fifth richest man in the world with $101.9 billion and in Bloomberg he ranks fourth with $113 billion.
But Gates has announced on Twitter that he will soon drop from the top of these lists because he will continue to donate his wealth to charitable causes.
Bill Gates will donate his fortune and is willing to leave the ranking of the great millionaires
The Microsoft founder said Wednesday that he intends to give all his wealth to the philanthropic organization he founded in 2000 with his ex-wife, Melinda Gates.
In a thread on the social network he announced that he will transfer $20 billion to the foundation’s endowment this month to increase spending from $6 billion to $9 billion per year by 2026.
“I am very proud of the foundation’s role in helping to solve big problems like preventing pandemics, reducing child deaths, eradicating disease, improving food security and climate adaptation, achieving equality of gender and improving educational outcomes,” Gates wrote.
I am very proud of the foundation’s role in helping solve big problems like preventing pandemics, reducing childhood deaths, eradicating diseases, improving food security and climate adaptation, achieving gender equality, and improving educational outcomes.https://t.co/D8rJrdoPOE
— Bill Gates (@BillGates) July 13, 2022
The philanthropist recognized the collaboration of Warren Buffett for the Bill and Melinda Gates Foundation, because although it bears the names of the couple, half of the resources have been contributed by him also known as the “Obama Oracle”: “His incredible generosity is a big reason why the foundation has been able to be so ambitious. I will never be able to adequately express how much I appreciate your friendship and guidance.”
“As I look to the future, I plan to give virtually all of my wealth to the foundation,” Gates said. “I will go down and eventually get off the list of the richest people in the world.”
“I have an obligation to return my resources to society in the way that has the greatest impact to reduce suffering and improve lives,” Gates continued. “And I hope that others in positions of great wealth and privilege will also step up at this time.”
Gates assures that he remains optimistic and that situations such as the pandemic, Russia’s war against Ukraine and the damage to climate change are happening in the context of two decades of historic progress, where it is possible to mitigate the damage and return to the progress that the world was achieving.
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