Bill Gates to drop off the world’s rich list

Microsoft co-founder and billionaire Bill Gates has announced that he is planning to give away all his wealth, adding that he will eventually “drop off” the world’s rich list. Gates first pledged to give away his wealth back in 2010.

Gates, the fourth richest man in the world according to the Bloomberg Billionaire Index, plans to donate all his wealth to the Gates Foundation and will eventually be leaving the world’s rich list. Till date, he along with his ex-wife have donated more than $50 billion to the Gates Foundation, which is one of the world’s largest charity organisations that focuses on providing healthcare and education to individuals around the world. In 2020, they funded work in over 130 countries.

Bill Gates announced that he would transfer $20 billion to the Gates Foundation this month.

“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.”

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.

— Bill Gates (@BillGates) July 13, 2022

Bill Gates held Forbes‘ title of the richest person in the world between 1995 and 2010, and again from 2013 to 2017.