Former CEO and Founder of Microsoft
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Billion Gates is contributing an additional $ 20 billion to his and his ex-wife’s private fund, Bill and Melinda Gates’ private donations, following the fund’s intentions to increase its spending. The fund now plans to increase its annual expenditure to $ 9 billion by 2026, a 50% increase over the fund’s expenses before the corona plague, this contribution will bring the total contributions to the fund to the amount of $ 70 billion.
“A number of huge global failures over the past few years have left many people in despair and wondering if the world is destined to get worse.” Gates tweeted about failures around the world in recent years.
Several huge global setbacks over the past few years have left many people discouraged and wondering whether the world is destined to get worse.
— Bill Gates (@BillGates) July 13, 2022
Gates attributed the tweet to the ongoing corona plague, failures created in his view in gender equality and women’s health, climate change and Russia’s war on Ukraine as some of the major issues facing the world today.
Regarding donation at this time, Gates said, “I hope that with the help of the donation we can reduce some of the suffering that people are facing now and help fulfill the foundation’s vision of giving everyone the opportunity to live a healthy and productive life.”
Since its inception in 2000, the fund has been operating around the world to raise the level of health and reduce poverty. Its goals in the United States in particular are to expand educational opportunities and access to technological information. The Bill and Melinda Gates Foundation serves as one of the richest philanthropic organizations in the world. Gates retired from his day job at Microsoft in 2008 to spend more time with the organization.
Last month it was reported that Cascade Investments, Bill Gates’ investment firm, has begun investing in Franklin’s funds that are expected to benefit from high inflation. The company invested $ 5.5 million in exchange for 500,000 shares in a fund called Western Asset Inflation-Linked Opportunities & Income Fund (WIW). The company also invested $ 2.1 million in exchange for 200,000 shares of another inflation-linked fund (WIA). This is not the company’s first investment in these funds, and it now owns a total of 14 million shares of WIW and 5.2 million shares of WIA.
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