Bill Gates: abortion rights, invasion of Ukraine and an additional $20 billion to his foundation

NEW YORK – Bill Gates announced this Wednesday that he will contribute $20 billion to the Bill & Melinda Gates Foundation fund this month and that he also intends to increase his annual spending to $9 billion in 2026, which is 50% more than previous levels. to the pandemic.

The co-founder of Microsoft, one of the most important philanthropists in the world, said in his personal blog that the COVID-19 pandemic and the Russian invasion of Ukraine are two “setbacks” in the face of the progress of the last two decades and highlighted that “the great crises of our time require us all to do more.

He also declared himself concerned about polarization in the US and the reversal of the right to abortion in the country, which he considered a “great setback for gender equality, women’s health and human progress in general” and which, he warned, has potential to generate further regression in well-being.

The billionaire, however, declared himself “optimistic” and noted that he is putting a good part of his “energy and resources” into innovations aimed at preventing pandemics, advancing global health, mitigating climate change, improving education and reduced food costs.

After the divorce of the Gates, doubts had arisen about the funds that the foundation would have in the future, since Melinda French Gates said earlier this year that she would stop giving most of her fortune to this organization and would distribute it among more entities.

With the additional $20,000 dollars that Bill Gates adds to the funds of the foundation created together with his ex-wife in the year 2000, the total endowment amounts to about $70,000 million, while the annual expenditure forecast would exceed $6,000 million at the time of pandemic to $9 billion in 2026.

Taxes, immigration operations and other expenses are paid for with funds for Covid-19

“Looking to the future, my plan is to give all my wealth to the foundation, taking away what I spend on myself and my family,” added the businessman, who has a fortune of around $122 billion.

Gates also dedicated a thank you to Wall Street guru and philanthropist Warren Buffett. and revealed that half of the foundation’s resources to date have come from his donations, with an actual cumulative value of some $45 billion.

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Bill Gates: abortion rights, invasion of Ukraine and an additional $20 billion to his foundation