Bill Gates to Donate Nearly Entire $200 Billion Fortune by 2045, Slams Elon Musk Over Global Aid Cuts

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Billionaire philanthropist Bill Gates has announced plans to give away nearly all of his $200 billion fortune by the year 2045, marking one of the most ambitious charitable pledges in history. Gates, co-founder of Microsoft and one of the world’s wealthiest individuals, confirmed the eventual shutdown of the Bill & Melinda Gates Foundation as part of this long-term exit strategy.

In a bold and emotional statement, Gates declared that he would retain only 1% of his wealth for personal use. The remaining billions will be directed toward urgent global causes including poverty alleviation, disease eradication, maternal health, and childhood survival—areas the Gates Foundation has long championed.

“We’re at a tipping point,” Gates said. “The world’s poorest communities are being left behind. I want my legacy to be one of hope, not wealth.”

The announcement came alongside a sharp rebuke of tech mogul and current U.S. Department of Government Efficiency head Elon Musk. Gates accused Musk of “killing the world’s poorest children” by slashing foreign aid budgets, particularly USAID programs that provide vaccines, food, and basic healthcare across developing nations.

“These cuts are devastating,” Gates stated. “They unravel decades of progress and endanger millions of lives.”

The Gates Foundation, which has operated for over two decades, will significantly scale up its giving in the coming years—targeting $10 billion in annual donations—with the goal of winding down all operations by 2045.

Gates’ move reflects a growing trend among ultra-wealthy individuals pledging to redistribute their fortunes to address global inequalities. His actions are being praised by global health experts, but his pointed criticism of Musk has sparked a firestorm of debate over the role of government and private wealth in foreign aid.

With the foundation’s closure on the horizon and global tensions surrounding humanitarian funding, Gates’ announcement could reshape the future of philanthropy and global health.