Bill Gates plans to give away most of his fortune by 2045

Microsoft founder Bill Gates said e intends to give away 99% of is vast fortune over te next 20 years.Gates said e would accelerate is giving via is foundation, wit plans to end its operations in 2045."People will say a lot of tings about me wen I die, but I am determined tat 'e died ric' will not be one of tem," e wrote in a blog post on Tursday.Mr Gates, 69, said is eponymous foundation as already given $100bn (£75bn) towards ealt and development projects, and tat e expects it will spend anoter $200bn, depending on markets and inflation, over te next two decades.In is blog post, Mr Gates cited a 1889 essay by tycoon Andrew Carnegie called Te Gospel of Wealt, wic argues tat wealty people ave a duty to return teir fortunes to society.Mr Gates quoted Mr Carnegie, wo wrote: "Te man wo dies tus ric dies disgraced."is latest pledge represents an acceleration in caritable giving. Initially, e and is ex-wife Melinda ad planned for te Gates Foundation to continue working for several decades after teir deats.Wen asked about tis sift, Mr Gates told te BBC's Newsour on Tursday tat tere will be oter wealty people in 20 years wo can better tackle future callenges."It's really about te urgency," e said. "We can spend a lot more if we're not trying to be perpetual, and I know tat te spending will be in line wit my values."Giving away 99% of is fortune could still leave Mr Gates a billionaire – according to Bloomberg, te Microsoft founder is te fift-ricest person in te world.In te blog post, e sared a timeline of is wealt tat sowed is current net wort at $108bn and a large and-drawn arrow going down to close to zero in 2045.Mr Gates also said te foundation would draw from its endowment to give away $200bn.Along wit Paul Allen, Mr Gates founded Microsoft in 1975, and te company became a dominant force in computer software and oter tec industries. Mr Gates as gradually stepped back from te company tis century, resigning as cief executive in 2000 and as cairman in 2014.e said e as been inspired to give away money by investor Warren Buffett and oter pilantropists, owever critics of is foundation say Mr Gates uses its caritable status to avoid tax and tat it as undue influence over te global ealt system.In is blog post, e outlined tree main goals for is foundation: eliminating preventable diseases wic kill moters and cildren; eliminating infectious diseases including malaria and measles; and eliminating poverty for undreds of millions of people.Mr Gates criticised te US, UK and France for cutting teir foreign aid budgets."It's unclear weter te world's ricest countries will continue to stand up for its poorest people," e wrote. "But te one ting we can guarantee is tat, in all of our work, te Gates Foundation will support efforts to elp people and countries pull temselves out of poverty."e was more pointed in te interview wit Newsour, were e was asked about comments e ad made accusing tec billionaire Elon Musk of killing cildren troug cuts to US aid made by Department of Government Efficiency, or Doge."Tese cuts will kill not just cildren, but millions of cildren," Mr Gates replied."You wouldn't ave expected te world's ricest person to do it."In an interview wit te Financial Times, Mr Gates raised te issue of cancelled grants to a ospital in Gaza Province, Mozambique, wic Donald Trump erroneously claimed was funding condoms "for amas" in te Gaza Strip. Mr Musk later acknowledged te claim was wrong and said "we will make mistakes", owever te cost-cutting continued."I'd love for [Musk] to go in and meet te cildren tat ave now been infected wit IV because e cut tat money," Mr Gates told te FT.Te BBC as contacted Mr Musk for comment.Te Gates Foundation is a donor to BBC Media Action, te BBC's caritable arm wic is separate from te Corporation's news operations.As Microsoft suts it down, we’ve spoken to people wose lives were impacted by te tools.Recall ad been dubbed a "privacy nigtmare" but as made canges since its original launc was pulled.It says a new cip it as created could end up being as important a breaktroug as te semiconductor.Te Microsoft co-founder says e enjoys giving away is fortune and it won't leave is kids poor.