Bill Gates says that most of the $ 200 billion

Bill Gates says that most of the $ 200 billion

Bill Gates says that most of the $ 200 billion

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Bill Gates about giving his wealth for 2045

Bill Gates says that most of the $ 200 billion

Exclusive interview: Bill Gates reveals that he is giving virtually all its wealth for 2045 06:19

Bill Gates is revealing his plans for the $ 200 billion that he intends to give through its foundation in the next 20 years, promising that much of the money will go to Africa.

Gates, who at the beginning of this month told “News Mornings” about his plans to donate most of your fortuneHe revealed his intentions to focus on Africa on Monday while talking at Nelson Mandela Hall in the African Union in Addis Abeba, Ethiopia. Gates had previously said that his goal was to finance causes that would help save and improve lives worldwide.

“Recently I promised that my wealth will be delivered in the next 20 years. Most of that financing will be spent on helping him address the challenges here in Africa,” Gates said on Monday, according to a statement from his philanthropic organization, the Gates Foundation.

Gates said earlier this month that he was inspired to give most of his fortune for a famous appointment of the 1889 essay by Andrew Carnegie “the gospel of wealth”, which declared that “the man who dies thus dies rich dies miserable.” The Microsoft co -founder said that its net assets, currently valued at $ 108 billion, will fall 99% in the next 20 years.

On Monday, the technological billionaire said that their donations would be destined to be associated with governments that prioritize the health and well -being of its citizens.

“Unleashing human potential through health and education, all Africa countries should be on a path to prosperity, and that path is something exciting to be part of,” Gates said in the event, which attracted 12,000 government officials, diplomats, health workers, development partners and youth leaders who attended both in person and online.

Gates’s announcement of his support for programs in Africa occurs after the United States has reduced foreign help and reduced Humanitarian financing. The Trump administration has drastically cut The financing and staff of the United States Agency for International Development.

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Aimee Picchi

Aimee Picchi is the associated managing editor of News Moneywatch, where it covers commercial and personal finances. He previously worked at Bloomberg News and has written for national media, including USA Today and Consumer Reports.

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