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Microsoft co-founder, Bill Gates, announced on Twitter and in a blog post that he plans to transfer $20 billion of his personal wealth into the Bill & Melinda Gates Foundation’s endowment this month. Gates has also vowed to give away all his wealth and be off the list of the world’s richest people.
“I will move down and eventually off of the list of the world’s richest people,” Gates shared in his blog post. “My giving this money is not a sacrifice at all. I feel privileged to be involved in tackling these great challenges.”
He continued, “I believe I have an obligation to return my resources to society in ways that have the greatest impact for improving lives.”
