2025-05-08T13: 16: 29Z
- Bill Gates said that his charity was closed in 2045.
- He made the announcement to mark the 25th anniversary of the charity.
- Gates said it was more important to spend your resources now rather than in the future.
Bill Gates revealed his intention to close his charity at the end of 2045 – several decades earlier than expected.
“There are too many urgent problems to solve so that I can keep resources that could be used to help people,” Gates said in a blog article.
“This is why I decided to return my money to society much faster than I had planned.
Microsoft’s co -founder initially made the announcement in an interview with the New York Times to mark the 25th anniversary of the Gates Foundation.
Gates said in the interview that the foundation had “realized much more than me – or I think anyone – expected” and had helped reduce the number of infant deaths by 10 million to five million per year.
When asked why he announced plans to sleep the operation, he said he had made a “big difference” to spend his resources “now compared to later”.
“We are not trying to manage our money for a strange heritage. If we try to be a foundation forever, instead of being able to spend $ 9 billion a year, we had to abandon to spend 6 billion dollars a year,” said Gates.
“Normally, we save lives for $ 2,000 or $ 3,000. But given the problems that exist, we now save life for less.
“And it’s a miraculous moment. A large part of the hundred billion that we have spent is to build a pipeline, and the most important things that the foundations is done is what is currently in the R&D pipeline.”
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businessinsider
