Winning Bizness Desk
Mumbai. Bill Gates, one of the world's richest people, has announced a donation of $ 2,000 million (about Rs 1.60 lakh crore) and it will be given to the Bill and Melinda Gates Foundation. The Foundation is one of the largest spending organizations for philanthropy. It is increasing its annual spending to meet global challenges including the Corona pandemic and the Ukraine war.
Eventually he will be off this list
Microsoft co-founder Bill Gates said, “I want to donate my entire wealth to the foundation. I just want to keep money for myself and my family. It is not my intention that my name should always remain in the list of the world's rich. My name will be down in the future. Eventually I will be off this list.' The Bill & Melinda Gates Foundation wants to increase its annual expenditure to $900 million (about Rs 71,910 crore) by 2026.
Gates fourth richest person in the world
Before the pandemic, it used to spend $ 600 million (about Rs 47,940 crore) annually. Gates and his ex-wife Melinda started this foundation in the year 2000. Gates and Melinda divorced last year. According to the Bloomberg Billionaires Index, Gates is the fourth richest person in the world with a net worth of $11,400 million (about Rs 9.11 lakh crore). Most of his assets are tied to Microsoft shares. According to the report, Bill Gates owns a Bombardier BD-700 Global Express, which costs $40 million and can seat 19 people.
Donating money is not a sacrifice
Gates wrote in a blog post, "Donating money is not a sacrifice. I am glad that I got a chance to be involved in solving big challenges. I like this job. It is my moral responsibility to return my resources to society so that it can play a role in improving the lives of the people. Everyone needs to contribute more at a time when the world is facing challenges like climate change, corona and Russia-Ukraine war. I hope other people also who have a lot of money and facilities will come forward this time.