Gates announced his plans in what he has described as the final chapter of his career in an article he published on Thursday on his website.
Philanthropist Bill Gates announced Thursday he will completely divest his multibillion-dollar fortune over the next 20 years, dedicating the funds to global health and development causes through the Bill & Melinda Gates Foundation (BMGF). In a personal essay published on his website, the tech pioneer revealed the BMGF will cease operations on December 31, 2045, marking the culmination of his decades-long philanthropic work. “This decision comes at a moment of reflection,” Gates wrote, emphasizing his commitment to “saving and improving lives” through strategic giving.
Gates announced his plans in what he has described as the final chapter of his career in an article he published on Thursday on his website.
Once ranked as the world’s richest person, Gates has channeled his wealth into groundbreaking initiatives across technology, global health, agriculture, and climate solutions since leaving Microsoft’s daily operations. The announcement signals an unprecedented wind-down of one of history’s largest private foundations, which has disbursed over $75 billion since its 2000 inception to combat diseases, reduce poverty, and advance education worldwide.
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