Bill Gates speeds up giving away fortune

Gates is listed as the 13th on the Forbes "real-time" billionaire list
AFP | May 09, 2025

NEW YORK:

Microsoft co-founder Bill Gates announced Thursday an accelerated timeframe for giving away his fortune as he touted artificial intelligence as a game-changer to boost public health and save lives globally.

Under a new timetable, the Gates Foundation will spend more than $200 billion over the next 20 years, shutting down in 2045. The organization had originally planned to close 20 years after Gates' death. The announcement came as Gates took aim at another billionaire tech titan, Elon Musk.

The Tesla CEO pushed through draconian cuts to the US Agency for International Development because Musk "didn't go to a party that weekend," Gates told the New York Times in an apparent dig at Musk's lifestyle. Gates is listed as the 13th on the Forbes "real-time" billionaire list, with a net worth of $112.6 billion. Musk is first with $383.2 billion. AFP

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