Bill Gates Accelerates Philanthropic Commitment, Pledges 99% of Wealth to Foundation

On May 8, 2025, Bill Gates announced he would donate 99% of his remaining wealth, worth approximately $107 billion, to the Gates Foundation, which will now close in 2045. This pledge represents one of the largest philanthropic commitments in history and will enable the foundation to spend an additional $200 billion over the next 20 years, focusing on global health and education. Gates' decision comes amid concerns over cuts to foreign aid and aims to inspire other wealthy philanthropists. He emphasizes the urgency of the foundation's work, given recent funding crises and a predicted increase in childhood deaths globally.