Bill Gates to give away 99% of his entire wealth, shut Gates Foundation in 2045
Bill Gates announced he'll give away "virtually" all his wealth through Gates Foundation over next 20 years. In a blog, he wrote, "On December 31, 2045, the foundation will close its doors permanently...My net worth will drop 99%." Gates Foundation gave away over $100 billion in last 25 years and it'll double its giving in its remaining period, he noted.