$ cat ./records/gates-gives-20-billion-to-his-foundation-and-vows-to-move-off-the-2022.txt
Gates Gives $20 Billion to His Foundation and Vows to 'Move Off' the World's Richest List
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On July 13, 2022, Bill Gates announced he was transferring $20 billion of his personal wealth to the Gates Foundation, enabling it to raise annual payouts from about $6 billion toward $9 billion, and reiterated that he would give away 'virtually all' of his fortune. 'I will move down and eventually off of the list of the world's richest people,' he wrote. Then worth more than $100 billion, Gates cited the COVID-19 pandemic, Russia's invasion of Ukraine, and reversals in global health and development as reasons to accelerate his giving. The pledge was a step toward the larger commitment he would later make to give away essentially all of his wealth and wind down the foundation by 2045.
Source: https://www.cnn.com/2022/07/13/business/bill-melinda-gates-foundation/
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Related Accomplishments
June 2026
Melinda French Gates commits an additional $215 million to women's health through Pivotal
Melinda French Gates announced in June 2026 that she would donate an additional $215 million through her organization Pivotal to focus on women's reproductive and midlife health, bringing her total support for women's health to about $600 million over two years. The commitment underscored French Gates's independent philanthropic path since stepping down from the Gates Foundation in 2024 and her focus on areas she has said are chronically underfunded. It came amid broader cuts to U.S. reproductive- and global-health funding.
January 2026
Bill Gates publishes the 2026 Gates Foundation Annual Letter, 'Reaching 2045'
Bill Gates published the 2026 Gates Foundation Annual Letter, titled 'Reaching 2045,' framing the next two decades as the Foundation spends down its endowment before closing in 2045. Gates wrote that his optimism now 'comes with footnotes,' questioning whether global generosity will keep pace with rising wealth and whether innovation will be scaled to reduce inequality. He pledged to spend much of 2026 advocating for child-health funding and set a goal of again halving child mortality in the global South by 2045, while voicing both excitement about AI for health and concern about managing its disruption.
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