Bill Gates says he will donate 99% of his remaining tech fortune to the Gates Foundation.
SEATTLE -- SEATTLE (AP) — Bill Gates says he will donate 99% of his remaining tech fortune to the Gates Foundation, which will now close in 2045, earlier than previously planned.
Gates' donation will be delivered over time and allow the foundation to spend an additional $200 billion over the next 20 years.
The Gates Foundation has long been peerless among foundations — attracting supporters and detractors but also numerous unfounded conspiracy theories.
“The foundation work has been way more impactful than I expected,” Gates said, calling it his second and final career.
The Gates Foundation had planned to wind down two decades after Gates' death, meaning today’s announcement significantly moves up that timetable.
In 2021, Melinda French Gates and Bill Gates divorced, and Buffett resigned as the foundation’s trustee. »