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2022: Decision to donate almost all of its wealth to charity
In mid-July 2022, Bill Gates announced his decision to donate almost his entire fortune to the Bill & Melinda Gates Foundation, which he founded with his ex-wife Melinda. By the end of the month, the entrepreneur will transfer $20 billion to the fund.
The fund will significantly accelerate its donations in areas such as global health, economic development, gender equality and education as its co-founders continue to invest. The Bill and Melinda Gates Foundation is considered the largest private fund in the United States with $50.7 billion in assets by July 2022, as well as one of the largest in the world.
{{quote 'Looking into the future, I plan to give almost my entire fortune to the fund. I will move down and eventually come off the list of the richest people in the world. I made sure that you get much more pleasure when you give money and see how something appears thanks to them, for example, a hospital. It is logical to invest in good deeds, and not put in a bank account and allow it to accumulate and accumulate, "said Bill Gates on July 13, 2022. }} According to Gates, the world has recently faced a number of problems: the COVID-19 coronavirus pandemic, Russia's military operation in Ukraine, the threat of global hunger, rising inflation and climate change, but Gates himself is still optimistic and believes that humanity will be able to overcome all tests and return to normal life and progress.
As of July 13, 2022, Bloomberg estimates Bill Gates' fortune at 122.6 billion, and the entrepreneur is also on the fourth line of the agency's ranking of the richest people in the world.[1]
2021
Investing $35 million in unique coronavirus drug developer Exscientia
In early September 2021, the Bill and Melinda Gates Foundation will invest $35 million in Exscientia to finance the development of antiviral drugs, including for the treatment of the coronavirus COVID-19. Read more here.
Bill Gates has agreed to leave his wife from a joint charitable foundation for compensation
In early July 2021, Bill Gates and his ex-wife Melinda agreed that if in two years one of them declares the impossibility of working together as co-chairs of the charity, then Melinda will step down from this post and cease to be a trustee of the foundation. If that happens, Gates will provide Melinda with funds to do charity work on her own. Read more here.
2020
Rad-G pulse oximeter made with Bill Gates money goes on sale
In mid-October 2020, Masimo launched the Rad-G pulse oximeter, developed with financial support from the Bill and Melinda Gates Foundation. It was originally created to selectively test SpO2 (oxygen saturation), respiratory rate, heart rate, perfusion index, and plethysmography variability index, but can ultimately be applied to continuous monitoring of several parameters. Read more here.
Bill & Melinda Gates Foundation awarded $1.7 billion to the Global Alliance for Vaccines and Immunization (GAVI)
This became known in June 2020 during the virtual international summit GAVI, which was held by the United Kingdom.
$100 million of this amount is intended to accelerate the distribution and availability of the COVID-19 vaccine after its development, especially in poor countries. The remaining amount - 1.6 billion - will be directed to GAVI activities around the world.
In total, more than 50 countries took part in the summit. It was planned to raise $7.4 billion on it, but the total was higher - 8.8 billion.
Launch of an accelerator to combat coronavirus
In mid-March 2020, the Bill & Melinda Gates Foundation, Wellcome and Mastercard decided to accelerate the development of technologies designed to identify, evaluate, develop and scale treatments for the COVID-19 epidemic. An accelerator was created for this. Read more here.
2019: Gates and Buffett work shifts at cafe
In early June 2019, during a trip to Omaha (Nebraska), the co-founder Microsoft Bill Gates and investor Warren Buffett worked a shift at a local cafe from the Dairy Queen chain, which is owned by Buffett himself.
Friends shot a funny video about their adventures, which became another addition to the famous collection: in 2017, Gates and Buffett went to buy a mattress together, and in 2018 they remembered their youth at the vintage confectionery Fairmont Antiques & Mercantile. At first, the three-minute video was posted as an exclusive to Gates Notes insiders - Gates' blog subscribers. He later added it to his YouTube channel.
Gates and Buffett visited the cafe while attending Berkshire Hathaway's annual shareholder meeting at the company's headquarters in Omaha. The two billionaires stopped by Dairy Queen for lunch as well as some customer service training. Wearing signature aprons, Gates and Buffett tried to make an ice cream cone - Gates had a crooked cone, but still better than Buffett's - and then worked a little behind the box office. Gates punched through the orders and Buffett stood by and helped. Millionaires were monitored by a Dairy Queen employee named Zuk: he noted that Gates and Buffett did their shift well and could get a job in a cafe.
Warren Buffett has known the Dairy Queen cafe chain her entire life - she appeared in Omaha, his hometown, in the 1930s. In the mid-1960s, Buffett bought the ruined textile company Berkshire Hathaway and, making it his central asset, began to expand the company's scope. By 1985, Berkshire Hathaway's last weaving mill closed and Buffett's company became an investment. It was there that the owners of the Dairy Queen cafe turned when they decided to sell their business.[2]
 | We made a deal and lived happily ever after, "Buffett explained. |  |
2018
Investing in a toilet that doesn't need water and sewage
In November 2018, Bill Gates took part in the Reinvented Toilet Expo, which presented an unusual toilet designed to solve the problem of unsanitary conditions in poor countries. Read more here.
$460 million to fight the US education crisis
On August 28, 2018, Bill Gates announced that he would donate $460 million over five years to develop secondary education in the United States. The first contribution has already been made - the Bill and Melinda Gates Foundation has transferred almost $100 million in 19 program initiatives for secondary schools in poor communities in thirteen states. These initiatives should help students from low-income families get into college and get an education that matches their abilities.
The fund funds groups working directly with clusters of public schools in some of the country's poorest regions. Many of these groups have already interacted with prominent philanthropists, with most grants going directly to public schools or to the organization of privileged schools.
The grants will cover the entire scope of skills required for students to enter college - from academic disciplines such as math and English to addressing social issues, such as temporary school exclusions or the college filing process.
This is further evidence that Bill Gates, the billionaire co-founder Microsoft and benefactor, is changing the way he approaches sponsored education programs: if he has previously tried to act nationally, he has now moved to regional and even local. Critics note that the foundation's work in the past decade has been done by trial and error and has included various educational programs, many of which have failed to deliver the desired results. However, the head of the K-12 program sponsored by the Gates Foundation, Bob Hughes, states that the Foundation's educational initiatives apply only those methods that have been tested in research or in practice.
For the period from 2000 to 2017, Bill Gates spent $18 billion on charity, which amounted to 22% of his capital, CNBC noted.[3]
Investing $4 million in creating mutant mosquitoes
In late June 2018, it became known about Bill Gates' investment in a research project that creates genetically modified mosquitoes that can eradicate malaria. The founder of Microsoft has invested about $4 million. Read more here.
Creating Supercores
At the end of January 2018, it became known about Bill Gates' investment in creating an ideal cow. The businessman has invested more than 28 million pounds ($40 million) in the non-profit organization GALVmed (Scotland), specializing in the creation of vaccines for livestock and genetics. Read more here.
2017
Fighting Alzheimer's disease
In an interview with the Telegraph, Gates admitted that "he has nothing to spend money on." Therefore, he is engaged in charity work or invests in something good. In November 2017, he funded Alzheimer's research. He spent $50 million on this. He also, together with a group of investors, invested $30 million in the Diagnostic Accelerator, a venture charity fund for early diagnosis of Alzheimer's disease.[4]
Biggest charity investment in 17 years
In August 2017, it became known about the largest donation of Bill Gates to charity in 17 years.
According to the Bloomberg news agency, citing documents released by the US Exchange and Securities Commission (SEC), Gates donated 64 million shares of Microsoft worth $4.6 billion, which corresponds to 5% of the businessman's fortune.
The deal was completed in June 2017, documents about it were made public two months later. Representatives for Gates and Microsoft did not respond to Bloomberg's requests for comment.
The publication does not have information about which company received this money, but notes that most often the billionaire sponsors a charitable foundation that belongs to himself and his wife. This foundation is dedicated to improving the education system in the United States, supporting health care in poor countries and combating hunger.
Since 1994, Gates has donated about $35 billion to charity. The largest amount - $16 billion - was transferred in 1999. A year later, the founder of Microsoft invested $5.1 billion in philanthropic activities.
According to the Bloomberg Billionaires index, which is updated daily based on the assessment of assets owned by entrepreneurs, even after such generous donations, 61-year-old Gates remains the richest man in the world, his fortune is estimated at $86.1 billion (as of August 14, 2017). In July, he briefly lost first place in the list of the richest people on the planet, losing to Amazon founder and CEO Jeff Bezos.
For all the time, Gates gave 700 million shares of Microsoft shares to charity, which by August 14, 2017 could cost $50 billion. The entrepreneur has 1.3% of the securities of the software corporation.[5]
2016
Raising chickens in Africa
Bill Gates, known for his philanthropic activities and initiatives aimed at combating poverty, launched a campaign to raise chickens in Africa in June 2016 and promised to purchase 100,000 such birds for Africans the most suitable breeds for local conditions.
Bill and Melinda Gates' combined $36bn donation
The total donation of Bill and Melinda Gates is estimated at $36 billion by 2016. In 2016 alone, they spent more than $2 billion on projects in the region health care and. formations
The same $2 billion in 2016 was allocated by the couple to fight malaria, and $50 million - with the Ebola virus, $38 million went to the development and delivery of a polio vaccine. Through their charitable foundation, they have invested about $2.5 billion in the GAVI Alliance, which is working to improve access to vaccines in poor countries. In 2016, Bill and Melinda Gates also collaborated with the Dangote Foundation to combat malnutrition in Nigeria.
Gates, along with his wife Melinda, has been visiting Tanzania for many years in a row. One of these trips took place in 2016. Gates praised the country for its "stunning" scenery, as well as its great progress in health and "opportunity delivery."
2013: Social media support for ResearchGate scientists
In May 2013, it became known that Microsoft co-founder Bill Gates was one of the investors in the next tranche of $20 million transferred to a startup called ResearchGate, the German edition of the Wall Street Journal reported. At the same time, neither Gates himself nor the company have yet confirmed his participation and interest in this project.
ResearchGate was founded in 2008 as a social network for specialists from science, its headquarters are located in Berlin. The main objective of the project is to ensure effective communication between scientists around the world and provide them with the means of collaboration. On May 24, 2011, it was announced that ResearchGate had reached 1,400,000 users from 192 countries worldwide.
On September 8, 2010, ResearchGate announced the completion of Series A funding. This cycle was led by Silicon Valley-based Benchmark Capital, which also invested in Twitter and EBay. The funding included the Silicon Valley branch of Accel Partners (which funded Facebook), some well-known philanthropic investors from the UK (including former Accel partner Simon Levene), Bebo founder Michael Birch, Wellington Venture Capital general partner Rolf Christophe Dinst. As well as Scout24 founder Joachim Shoss, idealo.com co-founder Martin Sinner, Sedo.com co-founder Ulrich Essman and MyVideo.de founder Christian Wolman.
Former Facebook chief executive and current Benchmark Capital general partner Mat Kohler joined ResearchGate's board with Simon Levene and JoahIm Shoss. The founder of the social network Ijad Madisch is known for his reluctance to spread on the topic of finance, so he does not give official comments on the topic of investment. A Wall Street Journal source did not name any other investors.
2010: Giving Pledge campaign launch
In 2010, Bill and Melinda Gates launched the Giving Pledge campaign, which called on billionaires like them to set a single standard for generosity - to give more than half of their wealth to charity. The couple themselves promised to give most of their fortune to charity, and leave $10 million for their children.
2006: Donations to the Bill and Melinda Gates Foundation totaled about $34.6 billion
By 2006 , donations to the Bill and Melinda Gates Foundation amounted to about $34.6 billion.
2000: Creation of a charitable foundation
In 2000 , Gates and his wife Melinda Gates created the Bill & Melinda Gates Foundation (B&MGF), a charitable foundation dedicated to supporting education and health care.
Notes
- ↑ Bill Gates donates US$20 billion to his foundation, says he plans to ‘give away all my wealth’ in future
- ↑ From software to soft serve, Bill Gates joins Warren Buffett in dishing up ice cream at Dairy Queen
- ↑ Bill Gates Directs Education Funding to Poor US Schools
- ↑ Bill Gates is worth $95 billion and he plans to give most of it away — here's how he spends his money now, from a luxury car collection to incredible real estate
- ↑ Gates Makes Largest Donation Since 2000 With $4.6 Billion Pledge
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