Bill Gates to give most of his $200bn fortune to Africa
https://www.bbc.co.uk/news/articles/cn4qg5gzgzxo
Bill Gates to give most of his $200bn fortune to Africa
https://www.bbc.co.uk/news/articles/cn4qg5gzgzxo
32 Comments
Bill Gates to give most of his $200bn fortune to Africa
Microsoft founder Bill Gates says that most of his $200bn (£150bn) fortune will be spent on improving health and education services in Africa over the next 20 years.
The 69-year-old said that “by unleashing human potential through health and education, every country in Africa should be on a path to prosperity”
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The US government has cut aid to Africa, including programmes to treat patients with HIV/Aids, as part of US President Donald Trump’s “America First” policy, raising concerns about the future of healthcare on the continent.
Gates said his foundation, which has a long history of operating in Africa, would focus on improving primary healthcare.
“What we’ve learned is that helping the mother be healthy and have great nutrition before she gets pregnant, while she is pregnant, delivers the strongest results,” he said.
“Ensuring the child receives good nutrition in their first four years as well makes all the difference.”
In a message to young innovators, the tech billionaire noted that mobile phones had revolutionised banking in Africa, and argued that AI should now be used for the continent’s benefit.
“Africa largely skipped traditional banking and now you have a chance, as you build your next generation healthcare systems, to think about how AI is built into that,” he said.
Gates pointed to Rwanda as an example, saying it was already improving services using AI-enabled ultrasound to identify high-risk pregnancies.
To Africa or to a Trust Fund related to him that has Africa in the name?
It’s funny how much shit the right gives him for all their made up stories when he’s actually the billionaire worki g to give up his fortune and encouraging other to do so.
Until next year.. he’s been promising it away since I was a teenager 20 years ago
If you believe him, I have a bridge to sell you. It just a tax dodging scheme controlled by his kids.
Will there be any better failsaves to prevent the money going directly into the warlords pockets ?
The only thing this dude loves more than giving all his money away is talking about giving all his money away.
Giving it to your own organization is not giving. It just transferred.
Wondering where all this fu*king money is going ?
if it is going to Africa then why there is no development ?
African heads of state and NGO ceos are celebrating hard as fuck.
Funny how his “giving away” of his fortune has only multiplied his fortune over the years. Almost as though he is profiting madly off of his “charity” work.
Billionaires are full of shit. They give their money away to foundations with boards made up of all their friends who earn high salaries and “give” money to all their pet projects and further their own political aims and serve as tax write-offs.
Bill Gates should be giving most of his fortune away as taxes to a functional government. Everything he says and does like this is just working to avoid that outcome and make sure it never comes to pass. Extremely successfully.
What a waste of money, it would be better if he just gives it to me
Nooo, I wanted all that money for me to escape to Mars!
Doesnt he continue to pressure genital mutilation for HIV prevention which was backed by a nonsense study and was disproven multiple times?
If Elon Musk ever wants to get out of the trump dump he should consider something like this.
Is this to make up for all the farm land he destroyed? Or is this just the same hollow promise he been saying for the last 25-30 years?
If he wants to really help Africa, help build better ports and transportation so they can unlock their resources (human and natural)
That continent has the worst geography for a modern trade network.
Liar. He’s been saying that for over 20 years shamelessly. Brought nothing for nobody. Meanwhile his Microsoft spreads ugliness, robbing people, suing and destroying competition and the little guy. Fuck him.
I don’t believe him I’m certain it’s a ruse to set up some sort of massive NGO
He’s invited to the cookout and he might even get the pass
It’s cool to see an asshole trying to do good in his old age. I notice that people keep hounding him for having more money now than before. If he had done what Musk has and says he will continue to do, Gates would be worth significantly more than Musk. He owned nearly 45% of Microsoft after IPO. He would be worth over a trillion dollars had he held onto all of it and not diversified.
The Gates foundation has given away more money to actual charities than any other person except for Warren Buffet. Gates is probably an entitled prick, but he is someone who has made a difference in the world outside of just his technology empire and we should at least acknowledge this.
Why not donate to help solve the problems in the country that made him rich? There are a lot of poor & hungry humans here within our own borders.
>Bill Gates to give most of his $200bn fortune to Africa
What part? South Africa? Is he giving it to Elon Musk?
Which bit? Africa is a whole-ass continent bigger than North America (including Canada)
Get your start in America, give it all to Africa….. I think I feel a storm brewing.
After reading most of these comments I’ve come to the conclusion that most Americans here think Africa is a country.
If this helps Africa and they develop, they will need freedom in a few years time and I know one country that’s been itching to provide freedom.
I mean, I wouldn’t mind getting about 10,000 of it
Just to clarify: The Bill and Melinda Gates foundation does not give all it’s money away. They are actually only obligated to “give away” a tiny percentage of their money per year in oder to become a tax free foundation. Most of the money is invested in regular investments, whose return, on average, is equal or greater than the amount they give away.
Thus, in 20 years, the $200 billion won’t be used up, it’ll likely be $600 billion.
Some good ways to help Africa would be to educate against Islam, push education, and fund abortion clinics. And funding disease research.
Remember what Longshanks said about Scotland in Braveheart?
“The trouble with Scotland is that it’s full of Scots.”