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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Microsoft Co-Founder Bill Gates Decides To Give Away 99% of His Wealth via Foundation by 2045

Gates Foundation will cease to exist by 2045-end. (Credit: Bill & Melinda Gates Foundation)

Microsoft co-founder Bill Gates has reportedly donated £75.73 billion ($100 billion) but is determined to give away more. Early this year, he had told BBC that philanthropy was instilled in him early on as his mother would tell him that 'with wealth came the responsibility to give it away.'

Last week, Gates wrote in a blog post that he plans to make charitable donations of about £151.46 billion ($200 billion) through the Gates Foundation over the next two decades, following which the foundation will cease to exist on 31st December 2045.

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