Bill Gates has announced plans to give away “virtually all” of his $200 billion fortune over the next two decades, marking what the Gates Foundation is calling the largest philanthropic commitment in modern history. The Microsoft co-founder, now 69, said the goal is to distribute 99% of his wealth by 2045, at which point the Gates Foundation—established with his former wife, Melinda—will also officially close.
In an interview with CBS News, Gates explained that his decision was fueled by the impact he’s seen firsthand through his foundation’s work, especially in global health. The foundation has helped distribute vaccines for preventable diseases such as pneumonia and diarrhea—illnesses that still claim lives in developing countries. Gates also pointed to waning humanitarian aid from Western governments, particularly in light of conflicts in Ukraine and the Middle East, as motivation to act now.
“I hope I’m still alive when we finish the 20 years,” he said. “But I will save a little bit to be able to buy hamburgers as much as I need.” He also added, “People will say a lot of things about me when I die, but I am determined that ‘he died rich’ will not be one of them.”
Since its founding in 2000, the Gates Foundation has already given away more than $100 billion, with more than half of its funding coming directly from Gates’ Microsoft wealth. The remaining portion, about 41%, has been contributed by longtime friend and fellow billionaire Warren Buffett.
Despite previous turmoil—including Gates’ high-profile divorce from Melinda in 2021 and Buffett’s resignation as trustee—the foundation has remained one of the most influential philanthropic organizations globally. Melinda has since stepped away to lead her own nonprofit, focusing specifically on defending women’s rights in the U.S.
Gates’ final chapter of giving now shifts into full gear, as he aims to use his vast fortune not for legacy, but for lasting change.
