Many people will get help to save their lives and improve them
Bill Gates, one of the world’s richest people, made a big announcement on Thursday, saying that he would donate 99 percent of his remaining technology to the assets Gates Foundation, which is an estimated price of about $ 107 billion. This donation will be one of the biggest charitable works so far. This donation has also overtaken the historical contribution of famous industrialists John D. Rockefeller and Andrew Carnegie when adjusted according to inflation. Berkshire Hathaway veteran investor Warren Buffet can overtake Gates in terms of donated amount. The current estimated price of the property that Buffet has resolved to donate is estimated by Forbes at $ 160 billion.
Price can be more than $ 107 billion
However, due to the stock market fluctuations, the cost of the assets of Bill Gates can be more than $ 107 billion. The Dan Gates Foundation of Gates, the founder of the leading technology company Microsoft, will be given over time. This will provide the Foundation to spend an additional amount of $ 200 billion in the next 20 years. Gates said about charity for charity in an interview to ‘Associated Press’, ‘It is thrilling to do so much for these objectives.’
Many people will get help to save their lives and improve them
The announcement of this big donation supports the ongoing efforts towards the global health and education of the Gates Foundation. Gates says that spending his property will now help save and improve the lives of many people, which will have a positive effect even after the closure of the foundation. However, the announcement also indicates the closure of the Gates Foundation in the year 2045. The first Foundation was planned to shut down two decades after the death of Gates, but now its deadline has been fixed at 2045. The Foundation will maintain a budget of about $ 9 billion every year in the rest of its two decades.
Latest business news
