American billionaire and philanthropist, Bill Gates, has announced that he will give away virtually all of his \$113 billion fortune over the next two decades. According to a recent article published on his personal blog, GatesNotes, the funds will be distributed through the Bill & Melinda Gates Foundation, which will cease operations by December 31, 2045.
“I will give away virtually all my wealth through the Gates Foundation over the next 20 years to the cause of saving and improving lives around the world,” Gates wrote.
The Microsoft co-founder emphasized that his mission is to address global inequalities, especially in health and productivity, stating there are “too many urgent problems” to justify holding on to such wealth.22
Bill Gates highlighted his foundation’s longstanding support for Nigeria, where over $2.8 billion has been invested—the highest amount in Africa. From polio eradication and malaria control to flood relief and healthcare development, Nigeria has consistently benefited from his humanitarian focus.
In 2024 alone, the foundation contributed $5.6 million toward flood response and agriculture reform. Past donations include $7 billion across African countries in 2022 and several grants during the COVID-19 pandemic. The foundation has also worked with local organizations like the Nigerian Governors Forum, further extending its impact.
“That makes sense because of the population and the incredible needs that are here,” Gates previously noted, acknowledging Nigeria’s pressing humanitarian challenges.
In his announcement, Gates reaffirmed the foundation’s commitment to eradicating polio, malaria, and measles, while improving maternal and child health worldwide. He maintained that the foundation will continue its work aggressively until its planned closure.
“The foundation will close its doors permanently on December 31, 2045,” he stated.
As Gates moves closer to fulfilling his Giving Pledge, his bold vision sets a new standard for global philanthropy—one that not only donates wealth but also creates a long-term legacy of transformation.
