US entrepreneur and billionaire Bill Gates posted a tweet that he planned to donate nearly all his fortune to the Bill and Melinda Gates Foundation. According to the available data, he will transfer $20 billion to the foundation’s endowment by the end of summer 2022. At the same time, Gates admitted that he would move off 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 billionaire added.
Bill Gates and his ex-wife Melinda co-founded the Bill and Melinda Gates Foundation in 2000. It is considered the largest private foundation in the US, with an endowment of over $50 billion.
