Bill Gates reveals how becoming a grandfather will change how he invests his fortune

Bill Gates, Microsoft cofounder and one of the most prolific philanthropists, has said that he plans to donate nearly all of his $103 billion fortune. He has stated publicly that he believes that anyone with a lot of money has the responsibility to give it away, and since finding out he is going to be a grandfather, he has a new outlook on the future he wants his grandchildren to have.

Gates and ex-wife, Melinda French Gates, established the Bill & Melinda Gates Foundation in 1994, where Gates has donated more than $50 billion. The main focus of the foundation has been on eradicating diseases, promoting education, and advancing gender equality. However, Gates said his focus is now shifting to climate change, and has said taking action is critical to protecting our children and grandchildren. 

“I can sum up the solution to climate change in two sentences: We need to eliminate global emissions of greenhouse gases by 2050. Extreme weather is already causing more suffering, and if we don’t get to net-zero emissions, our grandchildren will grow up in a world that is dramatically worse off,” Gates wrote in a recent letter.

For more information see Tristan Bove “Bill Gates reveals how becoming a grandfather will change how he invests his fortune”, Yahoo! Finance, December 20, 2022

Special thanks to David S. Luber (Florida Probate Attorney) for bringing this article to my attention.

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