and Melinda Gates complete foundation with largest donation ever


The billionaires announced a $20 billion grant to fight climate change, pandemics, gender inequality and other trendy causes

Microsoft billionaire Bill Gates and his ex-wife Melinda French Gates have donated a whopping $20 billion to their Bill and Melinda Gates Foundation, their largest ever gift, they announced Wednesday. The massive donation brings the foundation’s total endowment to $70 billion.

The great crises of our time require us all to do moreBill Gates declared, sharing his hopes that the giant pile of money “alleviating some of the suffering people now face and helping fulfill the foundation’s vision of giving everyone the opportunity to lead healthy and productive lives

Although Gates has been ubiquitous in the media since the start of the Covid-19 pandemic, and has very publicly invested huge sums of money into vaccine development, he expressed concern that any recent achievements of the foundation could be wiped out in the coming years. done. The billionaire lamented that the pandemic, soaring inflation in world economies, the conflict in Ukraine and climate change had turned into a particularly difficult set of circumstances that must be confronted with muscular humanitarian aid.

The global economy is entering a cycle of low growth, with rising interest rates and high inflationGates wrote in a press release applauding the couple’s donation. call to “all sectors of society – government, private sector and non-profit sector, including philanthropy – to engage with these issuesHe noted that cash-strapped governments that are still recovering from the self-inflicted economic wounds of Covid-19 may not be able to afford much-needed humanitarian projects. The Gates Foundation, he explained, would help fill the gap.

Calling the Covid-19 pandemic”one of the greatest setbacks in historyand the Ukrainian conflicta gigantic tragedy for the whole worldGates warned that both events could plunge all of humanity into an economic abyss for an extended period of time. The newly enriched Gates Foundation, he suggested, would come to the rescue of the world by tackling the thorny issues of climate change, food security, infant mortality, gender equality and pandemic prevention, with annual charitable spending projected to exceed $9 billion by 2026.

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Gates’s way of donating has come under fire from opponents, who point out that Bill Gates has made more money as a philanthropist than ever as a software mogul. A 2020 investigation also found that the Gates Foundation had made nearly $250 million in tax deductibles”charitysubsidies to companies in which it held shares. However, this apparent conflict of interest has gone largely unnoticed by the Western media, where many of the biggest news channels also receive generous funding from the foundation.

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