Billionaire Bill Gates is planning to drop off the list of world’s richest people by giving away his wealth.
“As I look to the future, I plan to give virtually all of my wealth to the foundation. I will move down and eventually off of the list of the world’s richest people.
“I have an obligation to return my resources to society in ways that have the greatest impact for reducing suffering and improving lives. And I hope others in positions of great wealth and privilege will step up in this moment too,” Gates posted in a Twitter thread.
Although the foundation bears our names, basically half our resources have come from Warren Buffett. His incredible generosity is a huge reason why the foundation has been able to be so ambitious. I can never adequately express how much I appreciate his friendship and guidance. pic.twitter.com/at7MvJKxQv
— Bill Gates (@BillGates) July 13, 2022
It came as Gates announced he would make a $20 Billion donation to his philanthropic fund.
In 2010, the Microsoft Co-founder pledged to give away his wealth, however his net worth even doubled since then.
Currently, Gates is worth $$118 billion, according to Forbes magazine and he sits on the fourth spot on the list of world’s richest people.
Gates is looking forward to squash that record after his donation to the Bill and Melinda Gates Foundation, a charitable organization he set up with his ex wife in 2000.