ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Healthconomy
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Healthconomy
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home World

Bill Gates vows to drop off World’s rich list

Business 360 by Business 360
July 15, 2022
in World
0
Bill Gates vows to drop off World’s rich list

Billionaire Bill Gates has pledged again to give his wealth away, adding that he will eventually “drop off” the world’s rich list. It came as the Microsoft co-founder announced he would make a $20bn (£17bn) donation to his philanthropic fund.

The world’s fourth richest man said he had an “obligation” to return his resources to society.

Mr Gates first pledged to give away his wealth in 2010 but his net worth has more than doubled since then.

He is currently worth $118bn, according to Forbes magazine, but that will fall significantly after his donation in July to the Bill & Melinda Gates Foundation, the charitable fund he set up with his ex-wife in 2000.

As I look to the future, I plan to give virtually all of my wealth to the foundation. I will move down and eventually off of the list of the world’s richest people.

The BBC is not responsible for the content of external sites.View original tweet on Twitter

In a Twitter thread, Mr Gates said the foundation would boost its spending from $6bn a year to $9bn by 2026 due to recent “global setbacks” including the pandemic, Ukraine and the climate crisis.

“As I look to the future, I plan to give virtually all of my wealth to the foundation,” he said. “I will move down and eventually off of the list of the world’s richest people.

“I have an obligation to return my resources to society in ways that have the greatest impact for reducing suffering and improving lives. And I hope others in positions of great wealth and privilege will step up in this moment too.”

The Gates Foundation works in countries to eradicate diseases such as Malaria, improve education and tackle poor sanitation. It was thought to be the world’s second largest charitable foundation in 2020, holding $49.8bn in assets and is backed by other wealthy benefactors such as the billionaire investor Warren Buffett.

Although the foundation has done good work, some have raised concerns about the ethics of a private endeavour wielding such great influence.

The foundation is the largest private donor to the World Health Organization, second only to the US with its annual donation in 2018. Concerns about this became more pointed after former President Donald Trump threatened to pull US funding.

Mr Gates held Forbes’ title of the richest person in the world between 1995 and 2010, and again from 2013 to 2017. Amazon founder Jeff Bezos knocked him off the top spot in 2017 before Tesla chief executive Elon Musk took pole position in 2022.

Previous Post

Musk and Twitter: From Volatile courtship to messy breakup

Next Post

Group tasks FG on incentives for Manufacturers

Business 360

Business 360

Next Post
Group tasks FG on incentives for Manufacturers

Group tasks FG on incentives for Manufacturers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

August 10, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Access Bank partners with AfriGOpay to boost Nigeria’s payment ecosystem.

Access Bank partners with AfriGOpay to boost Nigeria’s payment ecosystem.

March 30, 2023
Elon Musk, Experts urge halt to AI training saying AI systems with human-competitive intelligence can pose risks to society and humanity

Elon Musk, Experts urge halt to AI training saying AI systems with human-competitive intelligence can pose risks to society and humanity

March 30, 2023
Maximizing opportunities in a challenging economy-Joshua Solomon tells his story.

Domestic airfares jumped by 66% in 2022 – NBS

March 29, 2023
Nigeria needs $2.3tn to address infrastructure deficit-FG

FG $22bn loan request rejected by Chinese bank – Reps

March 29, 2023
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • AI
  • Art
  • Arts
  • Aviation
  • Blockchain
  • Business 360 Weekly
  • Business Travels
  • Capital Market
  • Corporate
  • Destination Business
  • Economy
  • Education
  • Electric Vehicles
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • Fashion
  • Fashion
  • Finance
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • News
  • NGOs
  • Political Economy
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tech
  • Tourism
  • Transportation
  • Uncategorized
  • World

Recent News

Access Bank partners with AfriGOpay to boost Nigeria’s payment ecosystem.

Access Bank partners with AfriGOpay to boost Nigeria’s payment ecosystem.

March 30, 2023
Elon Musk, Experts urge halt to AI training saying AI systems with human-competitive intelligence can pose risks to society and humanity

Elon Musk, Experts urge halt to AI training saying AI systems with human-competitive intelligence can pose risks to society and humanity

March 30, 2023
  • Africa
  • World
  • Our Shows

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Healthconomy
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!