From CNBC: 2025-05-08 12:48:00

Bill Gates plans to double his charitable giving to $200 billion over 20 years, motivated by global challenges like children’s health and climate change. His foundation, co-founded with ex-wife Melinda French Gates, has already given away over $100 billion. Gates aims to give away “virtually all” his wealth by 2045.

Gates criticizes Elon Musk for cutting U.S. foreign aid, leading to dire consequences like 1 million children with severe acute malnutrition going untreated and up to 166,000 additional deaths from malaria. Musk has given away less than 1% of his wealth, according to Forbes, raising questions about his philanthropic commitments.

Gates, Buffett, and French Gates founded the Giving Pledge in 2010, encouraging billionaires to give away more than half their wealth. Musk has signed the pledge, but Gates questions whether he will fulfill it. Gates emphasizes the importance of philanthropy in addressing global challenges and the need for wealthy countries to support the world’s poorest people.



Read more at CNBC: Bill Gates doubles giving to $200 billion, ‘virtually all’ his wealth