A new decision by Bill Gates regarding the fate of his wealth
Microsoft billionaire founder Bill Gates said he will donate a large amount of his wealth to his charitable endeavors, including much of the farmland he currently owns, stressing that his ultimate goal is to recycle his imaginary wealth for the good of humanity.
Gates is currently the seventh richest man in the world with a net worth of $103.6 billion, according to Forbes magazine, and has now pledged to give away most of his billions to charity.
Gates founded the Bill and Melinda Gates Foundation with his then-wife Melinda French Gates in 2000, which aims to address human issues and crises such as poverty, inequality and infectious diseases.
He and his ex-wife also founded the Giving Pledge along with billionaire Warren Buffett, a personal friend of Gates, in 2010, which asks the world's richest people to donate their wealth to charitable causes in their will or over the course of their lives.
However, in a question posted to Reddit's "Ask Me Anything" page last Wednesday, a curious Gates asked about "the paradox between being human and then hoarding most of the rare earth resources for one person?"
The questioner was referring here to the approximately 275,000 acres of agricultural land that Gates owns and invests in the United States.
Gates' response to the questioner was that he did plan to give up most of it.
In response to the question, Gates said, "I own less than 1/4,000 of the farmland in the United States. I've invested in these farms to make them more productive and create more jobs. I don't (have) a big blueprint - in fact, and all of these decisions are made by a team." Professional investment.
He explained that he intends to sell the land in addition to his remaining wealth, adding, "Everything I own will be sold and the money will pass to the (charitable) foundation." of 4% of the total.
And in July, Gates announced for the first time that he intended to give the majority of his fortune to the Bill and Melinda Gates Foundation, although this would mean removing him from the list of the world's richest people.
Gates donated a total of $20 billion to the foundation last year, and in a post on Twitter, he said: "I have a commitment to giving my resources back to society in ways that have the greatest impact in reducing suffering and improving lives. I hope others will step up into positions of great wealth and privilege in this regard." moment (of the work itself) too.”
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