Bill Gates Pledges Majority of $200 Billion Donation to Aid Africa

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Bill Gates has outlined how he plans to distribute the $200 billion he’s committed to giving away, announcing that a significant portion of those funds will be directed toward Africa.

Speaking at the African Union’s Nelson Mandela Hall in Addis Ababa, Ethiopia, Gates shared that his long-term philanthropic focus would be Africa. He had already spoken earlier this month on “CBS Mornings” about his pledge to donate most of his wealth, emphasizing that his goal is to back initiatives that save lives and enhance living conditions around the world.

“I recently made a commitment that my wealth will be given away over the next 20 years. The majority of that funding will be spent on helping you address challenges here in Africa,” Gates said Monday, according to a statement from the Gates Foundation.

He explained that his decision to part with the bulk of his fortune was deeply influenced by Andrew Carnegie’s 1889 essay The Gospel of Wealth, particularly the line: “the man who dies thus rich dies disgraced.” Gates, whose net worth is currently estimated at $108 billion, expects that amount to diminish by 99% over the next two decades as he follows through on his philanthropic plans.

During his remarks on Monday, Gates highlighted that much of the financial support would be directed to collaborative efforts with governments that place importance on public health and quality of life.

“By unleashing human potential through health and education, every country in Africa should be on a path to prosperity — and that path is an exciting thing to be part of,” Gates said. His speech reached a wide audience, including over 12,000 attendees ranging from diplomats and government officials to healthcare workers and young leaders, both virtually and on-site.

Gates’ announcement comes at a time when American financial support abroad has declined. The Trump administration has significantly downsized funding and staff for the U.S. Agency for International Development, leading to notable cutbacks in foreign aid and humanitarian support.

{Matzav.com}

6 COMMENTS

  1. Trying to bribe Africans with $200 billion after killing hundreds of thousands of them from the Polio vaccine and other children vaccines.

  2. This genius is such an amazing moron, it’s hard to fathom how he made money in tech. Does he think that the reason Africa is in such bad shape is because no one gives them money? Does he not see that Africa is not going anywhere, since the thugs in charge there are as corrupt as 100 Bidens (much more than that!)? Is the fact that he hates his kids so much a “blinding” factor here? What a stupid retard…

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