Microsoft billionaire Bill Gates and his ex-wife Melinda French Gates revealed on Wednesday that they had made their largest-ever donation to the Bill and Melinda Gates Foundation, a whooping $20 billion. The huge donation increases the foundation’s endowment to $70 billion. So, here are the agendas that Bill Gates is pushing with his billions of dollars.
“The great crises of our time require all of us to do more,” Bill Gates declared, sharing his hope that the mammoth pile of money might “mitigate some of the suffering people are facing right now and help fulfill the foundation’s vision to give every person the chance to live a healthy and productive life.”
Despite the fact that Gates has been a constant presence in the media since the Covid-19 pandemic began and has openly donated vast sums of money to vaccine research, he expressed worry that the coming years would undo all of the foundation’s recent victories. The billionaire lamented that a particularly troublesome collection of circumstances requires strong humanitarian aid due to the pandemic, surging inflation across global markets, the conflict in Ukraine, and climate change.
In a press announcement announcing the couple’s donation, Gates stated that “the world economy is entering a low-growth cycle, with rising interest rates and high inflation.” Observing that cash-strapped governments still recovering from the self-imposed economic wounds of Covid-19 might not be able to afford desperately needed humanitarian projects, he called for “all sectors of society – government, the private sector, and the nonprofit sector including philanthropy – to engage on these issues.” He explained that the Gates Foundation would help close the gap.
Gates warned that both the Covid-19 pandemic and the Ukrainian conflict might send all of humanity into a prolonged economic abyss, calling the former “one of the biggest setbacks in history” and the latter “a gigantic tragedy for the entire world.” With yearly charitable outlays anticipated to surpass $9 billion by 2026, he suggested that the newly endowed Gates Foundation would save the day by tackling the pressing global concerns of climate change, food security, childhood mortality, gender equality, and pandemic prevention.
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Given that Bill Gates has made more money as a philanthropist than he ever did as a software tycoon, critics of the Gates’ giving style have criticized it. The Gates Foundation has given roughly $250 million in tax-deductible “charitable” grants to companies in which it owned stock, according to a 2020 investigation. However, the Western media establishment, where many of the largest news organizations also receive considerable financing from the foundation, has generally remained silent about this apparent conflict of interest.