Bill Gates, a billionaire, has recommitted to sharing his money with others and added that he will someday "drop off" the list of the world's richest people.
It happened at the same time the co-founder of Microsoft revealed he would give $20 billion (£17 billion) to his charitable organisation.
The fourth-richest individual in the world claimed he had a "responsibility" to give back his wealth to society.
In 2010, Mr. Gates made a commitment to donate his money, but since then, it has more than doubled.
According to Forbes magazine, he is presently worth $118 billion, although that amount will drop dramatically following his contribution in July to the Bill & Melinda Gates Foundation, the charity organisation he founded with his ex-wife in 2000.
In a Twitter thread, Mr. Gates stated that recent "global setbacks" including the pandemic, Ukraine, and the climate issue will cause the foundation to increase its investment from $6 billion year to $9 billion by 2026.
I intend to donate almost all of my fortune to the foundation in the future, he stated. "I'll drop off the list of the richest individuals in the world someday.
I owe it to society to use my resources in ways that would most effectively lessen suffering and enhance people's quality of life. And I sincerely hope that other people who enjoy enormous riches and privilege would do the same at this time.
In a Twitter thread, Mr. Gates stated that recent "global setbacks" including the pandemic, Ukraine, and the climate issue will cause the foundation to increase its investment from $6 billion year to $9 billion by 2026.
I intend to donate almost all of my fortune to the foundation in the future, he stated. "I'll drop off the list of the richest individuals in the world someday.
I owe it to society to use my resources in ways that would most effectively lessen suffering and enhance people's quality of life. And I sincerely hope that other people who enjoy enormous riches and privilege would do the same at this time.
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