They were recently named the most generous philanthropists in the US by The Chronicle of Philanthropy, having donated more than US$36 billion to charitable causes through the Bill & Melinda Gates Foundation. And Gates agreed to give away most of his fortune through the Giving Pledge, which he launched in 2010.May 5, 2021
How much money has Bill Gates donated so far?
Jun 12, 2020 · Bill and Melinda Gates have given $45.5 billion to charitable causes, including the eponymously named Bill & Melinda Gates Foundation, since 1994, CNBC reported, citing the …
What charities has Bill Gates donated to?
We prefer that people give directly to our grantees, but from time to time, individuals generously offer to contribute money to the Bill & Melinda Gates Foundation. In response, we created Gates Philanthropy Partners, a 501(c)(3) public charity closely affiliated with the foundation. Gates Philanthropy Partners disburses donor contributions in alignment within the foundation’s …
Did Bill Gates give all his money to charity?
Feb 13, 2018 · He has so much money, in fact, that it has become a full-time job for him, his wife, Melinda, and 1,500 employees of the Bill and Melinda Gates Foundation to give it all away.
How much does Bill Gates give to charity?
May 04, 2021 · Bill and Melinda Gates pledged to give away 95 percent of their wealth. Credit: PA. And with so much going to charitable causes, 'just' $30m (£21m) of …
Who did Bill Gates donate money to?
The Americans who gave the most to charity in 2021RankDonor or donorsAmount in millions1Bill Gates and Melinda French Gates$15,000 $15,0002Michael Bloomberg$1,660 $1,6603William Ackman and Neri Oxman$1,200 $1,2004Mark Zuckerberg and Priscilla Chan$1,049 $1,0496 more rows•Feb 8, 2022
Where does Bill Gates give his money?
In 2007, its founders were ranked as the second most generous philanthropists in the U.S., behind Warren Buffett. As of 2018, Bill Gates and Melinda French Gates had donated around $36 billion to the foundation....Funds for grants in developing countries.OrganizationAmount ($ millions)World Health Organization1,535.129 more rows
What percentage of Bill Gates money goes to charity?
Bill and Melinda Gates give 95% of wealth to charity.
How much does Bill Gates actually donate?
The foundation spent $5 billion in 2019 on programs in the United States and around the world, excluding management costs. From 1994 through 2018, Bill and Melinda Gates gave the foundation more than $36 billion, according to the foundation's website.May 3, 2021
Which billionaire donates the most?
Warren Buffett continued as the list's most generous giver, having parted with US$4.1 billion of Berkshire Hathaway stock in June to bring his lifetime total to US$44 billion. He's now halfway through his pledge to give away all his Berkshire shares.Oct 7, 2021
WHO is No 1 richest person in the world?
In December 2020, Tesla figured into the list of S&P 500 and became the largest company in this category. The founder and executive chair of Amazon Jeff Bezos tops the richest persons list in second place with his $178 billion net worth. He has a 10% stake in Amazon valued at $153 billion.Mar 18, 2022
Who gives the most charity?
United StatesMost Charitable Countries 2022CountryOverall RankDonationsUnited States161.00%New Zealand365.00%Ireland569.00%Australia468.00%56 more rows
How much Microsoft Does Bill Gates Own?
Gates. Mr. Gates's personal stake in Microsoft, as high as 45% when he took it public in 1986, was down to 1.3% by 2019, according to securities filings, a stake that would currently be worth about $25 billion.
Who has donated the most money in history?
Greatest philanthropists by amount of USDNameAmount givenBill Gates$35.8 billionWarren Buffett$34 billionGeorge Soros$32 billionAzim Premji$21 billion17 more rows
Who is most generous person in the world?
Who is the most charitable person in the world? Bill Gates gave more than $40 billion so far and he is the most charitable person in the world, much of it through annual grants to The Bill & Melinda Gates Foundation, where it's used to fight poverty and improve healthcare.Jun 25, 2021
Is Bill Gates a billionaire?
As of March 2022, Gates had an estimated net worth of US$129 billion, making him the fourth-richest person in the world....Bill GatesYears active1972–presentKnown forCo-founder of Microsoft and Bill & Melinda Gates Foundation13 more rows
How much money did Bill Gates donate to the foundation?
As of 2018, Bill and Melinda Gates had donated around $36 billion to the foundation.
How much did the Bill Gates Foundation spend on education?
It spent $373 million on education in 2009. It has also donated to the two largest national teachers' unions. The foundation was the biggest early backer of the Common Core State Standards Initiative. In October 2017 it was announced that the Bill and Melinda Gates Foundation would spend more than $1.7 billion over five years to pay for new initiatives in public education.
What is Gates Foundation?
William H. Gates Foundation, Gates Learning Foundation. The Bill & Melinda Gates Foundation ( BMGF ), a merging of the William H. Gates Foundation and the Gates Learning Foundation, is an American private foundation founded by Bill and Melinda Gates. Based in Seattle, Washington, it was launched in 2000 ...
When did Bill Gates and Melinda Gates split?
In October 2006, the Bill & Melinda Gates Foundation was split into two entities: the Bill & Melinda Gates Foundation Trust, which manages the endowment assets and the Bill & Melinda Gates Foundation, which "... conducts all operations and grantmaking work, and it is the entity from which all grants are made". Also announced was the decision to spend all of the foundation's resources within 50 years after Bill's and Melinda's deaths. This was later lowered to within 20 years of their death. This would close the Bill & Melinda Gates Foundation Trust and effectively end the Bill & Melinda Gates Foundation. In the 2006 announcement, it was reiterated that Warren Buffett "... has stipulated that the proceeds from the Berkshire Hathaway shares he still owns at death are to be used for philanthropic purposes within 10 years after his estate has been settled".
Who was awarded the Padma Bhushan?
In recognition of the foundation's philanthropic activities in India, Bill and Melinda Gates jointly received India's third highest civilian honor Padma Bhushan in 2015. On November 22, 2016, President Barack Obama honored Bill and Melinda Gates with The Presidential Medal of Freedom for their philanthropic efforts.
What is Bill Gates' favorite website?
Bill Gates called the publication his "favorite website". Our World in Data is a scientific online publication, based at the University of Oxford, that studies how to make progress against large global problems such as poverty, disease, hunger, climate change, and inequality.
When did the WASH program start?
The Water, Sanitation and Hygiene ( WASH) program of the Bill & Melinda Gates Foundation was launched in mid-2005 as a "Learning Initiative", and became a full-fledged program under the Global Development Division in early 2010.
What is Bill Gates' biggest charitable foundation?
The Bill & Melinda Gates Foundation is the largest charitable foundation in the U.S. The foundation held $49.9 billion in assets in 2019 (the most recent figures as of Q1 2021) and the total grant payments since the foundation's inception is $54.8 billion. 16
Where is Bill Gates' home?
Gates' Seattle-area home, Xanadu 2.0, is an ocean-side lodge boasting over 66,000 square feet with approximately 500 feet of private waterfront on Lake Washington. The estate features top-of-the-line technology and gadgets befitting its six kitchens, 24 bathrooms, and six fireplaces.
What car did Bill Gates buy?
He also likes a fancy set of wheels and has been a long-time fan of Porsche automobiles. Gates bought a Porsche 911 in 1979 and later added a Porsche 930 Turbo and rare Porsche 959. His most recent purchase is the fully electric Porsche Taycan, an acquisition that set off a Twitter spat with Tesla CEO Elon Musk. 11.
How much is Bill Gates worth in 2021?
Bill Gates is worth roughly $133 billion as of Jan. 13, 2021. 1 He earned the bulk of his fortune as CEO, chair, and chief software architect of Microsoft ( MSFT ). Gates stepped down as chair in 2014, but still owns 1.34% of the company he co-founded. Here is where this billionaire stashes some of his money. 1:33.
Who is Bill Gates' daughter?
His daughter, Jennifer Gates, is an award-winning equestrian. 8. Gates is also rumored to own Grand Bogue Caye, a 314-acre island off the coast of Belize in Central America—the largest island in that country. Grand Bogue Caye is home to pristine beaches, abundant marine life, and excellent diving.
What is Bill Gates' collection?
Collectibles. While it's certainly an achievement to own one-of-a-kind real estate and rare cars, it is another to own precious, irreplaceable collectibles —and Bill Gates certainly has accumulated quite the collection. In 1994, he purchased a celebrated Leonardo Da Vinci manuscript at auction for $30.8 million.
How rare is the Porsche 959?
The Porsche 959 is very rare, and they were plagued with problems, and only 337 or so were ever made. 12 Gates is also said to own a Jaguar XJ6 and a Ferrari 348. His first Porsche was sold at auction for $80,000. At the time, he told reporters: "I drive myself around town in a normal Mercedes.".
How much money has Bill Gates donated to charity?
In 2019, the couple donated $589 million to charity, making them the seventh most philanthropic people last year.
How does Bill Gates manage his wealth?
Like many high net-worth individuals, Gates manages his wealth through an investment and holding company known as Cascade Investment LLC. The company maintains a diverse portfolio of investments and assets that account for more than half of Gates’ wealth.
How much is Bill Gates worth in 2020?
As of June 2020, Gates’ net worth was estimated at roughly than $110 billion, according to Forbes. More: Bill Gates is not secretly plotting microchips in a coronavirus vaccine. Misinformation and conspiracy theories are dangerous for everyone.
When did Bill Gates step down?
Gates stepped down as Microsoft CEO in January 2000, shifting his attention to philanthropy and other assorted projects. In March 2020, Gates stepped down from Microsoft’s board, though he maintains about 1.3% of shares in the company.
Who is Bill Gates?
Bill Gates, philanthropist. Bill Gates, who has been one of the wealthiest men in the world for decades, made his fortune as the co-founder of Microsoft. The company, which was a key player in the personal computer revolution in the 1990s, eventually became a corporate behemoth, and Gates became a household name as a tech titan and business magnate.
Who is the founder of the Giving Pledge?
In 2010, Bill and Melinda Gates, alongside billionaire investor Warren Buffett, founded the “Giving Pledge,” a movement encouraging other billionaires to donate most of their wealth to charity either during their lifetimes or after their deaths. The voluntary group now includes more than 200 families and individuals from more than 20 countries.
Who is the second richest man in the world?
From 2000 to 2007, Bill Gates was the richest man in the world, and rotated that title with Buffett and Mexican telecommunications tycoon Carlos Slim from 2008 to 2013. In 2018, Gates lost the title to Amazon founder Jeff Bezos. Gates remains the second-richest man in the world, according to Forbes.
How much is Bill Gates worth?
With a net worth of more than $90 billion, Microsoft co-founder Bill Gates is the second richest person in the world, behind only Amazon founder Jeff Bezos, according to Forbes. He has so much money, in fact, that it has become a full-time job for him, his wife, Melinda, and 1,500 employees of the Bill and Melinda Gates Foundation ...
What does Bill Gates say about inequality?
In the letter, the Gates acknowledge the extreme wealth inequality their fortune represents. “No, it’s not fair that we have so much wealth when billions of others have so little,” says Melinda. “And it’s not fair that our wealth opens doors that are closed to most people.”
How much money did Bill Gates give away?
Bill and Melinda Gates are two of the wealthiest people in the world, with a fortune totalling around $127 billion (£91bn).
Did Bill and Melinda get divorced?
Earlier this week, Bill and Melinda announced they were getting a divorce. A joint statement posted to social media confirmed they had decided to split after 27 years of marriage, asking for 'space and privacy' as they moved on to the 'next phase' in their lives. Advert. 10.
How much is Bill Gates worth?
Ten years later, his net worth is $115 billion. Bill Gates is 64 years old, so at this rate, he'll be worth $250 billion or more by the time he's supposed to have given away at least half his wealth. Same thing with Warren Buffett, only much worse.
Who is the founder of the Giving Pledge?
Bill Gates. A decade ago, Bill Gates and Warren Buffett launched the Giving Pledge , which they explain as "a commitment by the world's wealthiest individuals and families to dedicate the majority of their wealth to giving back.".
Why is the Giving Pledge so popular?
The so-called Giving Pledge has been a huge public relations victory because it's allowed billionaires to position themselves as superheroes. But here's the thing: Insofar as they're superheroes, billionaires are more like Homelander than Iron Man.
Gavi Alliance – $957,000,000
- The Bill & Melinda Gates Foundation gives due consideration in granting funds to organisations engaged in developing vaccines. The foundation, as a part of its global development programme, granted a hefty sum of $957,000,000 to GAVI Alliance based in Geneva. Covering a term of 74 m…
The Rotary Foundation of Rotary International – $755,210,000
- The Bill & Melinda Gates Foundation granted $755,210,000 to the Rotary Foundation of Rotary International in 2007. Covering a term of 147 months, the donation aims to support global polio eradication activities under The Rotary Foundation’s Polio Plus Programme. Briefing the media about the programme, co-founder of Bill & Melinda Gates Foundation, Bill Gates, said: “The extra…
The Gavi Campaign – $750,000,000
- The Bill & Melinda Gates Foundation granted $750,000,000 to The GAVI Campaign in 1999 under its global development programme. Covering a period of six months, The GAVI Campaign used the amount released by the foundation to support the immunisation of children in as many as 74 countries. The GAVI Campaign aims to develop vaccines, deliver and administer them to childre…
Global Fund to Fight Aids, Tuberculosis and Malaria – $750,000,000
- Under its advocacy programme, the Bill & Melinda Gates Foundation granted $750,000,000 to the Global Fund to fight Acquired Immuno Deficiency Syndrome (AIDS), Tuberculosis (TB) and Malaria in 2011. Covering 229 months, the donation to the Global Fund aims to help work towards providing financial support to all countries in diagnosing, treating and educating the society at la…
World Health Organization (WHO) – $682,305,429
- The Bill & Melinda Gates Foundation pledged an amount of $682,305,429 to the World Health Organization (WHO) for its Global Polio Eradication Initiative (GPEI). Granted in 2008, the grant sanctioned was focused in intensifying the eradication initiative, particularly in the regions of Africa and Asia. The donation by Bill Gates has become part of an $8.2 billion international inves…
The Gavi Campaign – $375,000,000
- Under its global development programme, the Bill & Melinda Gates Foundation pledged $375,000,000 to The GAVI Campaign, located in Washington DC. After The GAVI Campaign applied to the Bill & Melinda Gates Foundation for funding for general operating support for vaccine delivery, Bill Gates sanctioned the amount in 2005. Covering a period of 120 months, th…
UNICEF Headquarters – $299,763,679
- The Bill & Melinda Gates Foundation granted $299,763,679 to UNICEF Headquarters, located in New York, in July 2008, making it one of the 12 biggest Bill Gates’ donations. The programme covered a period of 78 months and focused on serving the regions of Africa and Asia. UNICEF utilised this fund to support polio eradication with an emphasis on enhanced communication. In …
Global Fund to Fight Aids, Tuberculosis and Malaria – $500,000,000
- Before pledging a huge amount of $750,000,000 to the same organization in 2011, Bill & Melinda Gates Foundation granted a sum of $500,000,000 to Global Fund to Fight AIDS, Tuberculosis and Malaria in 2006. Covering a period of 43 months, the donation was sanctioned under the advocacy and global programme. Its main purpose was to address the concern of fast-spreadin…
Gavi Alliance – $375,000,000
- The Bill & Melinda Gates Foundation granted a sum of $375,000,000 to GAVI Alliance in December 2009. GAVI Alliance is utilising this fund for general operating for their strategic goal vaccine delivery. The programme covers a period of 61 months, starting from 10 December 2009 to 01 January 2015. The grantee’s main purpose for starting GAVI Alliance was to increase the immun…
Overview
The Bill & Melinda Gates Foundation (BMGF), a merging of the William H. Gates Foundation and the Gates Learning Foundation, is an American private foundation founded by Bill Gates and Melinda French Gates. Based in Seattle, Washington, it was launched in 2000 and is reported as of 2020 to be the second largest charitable foundation in the world, holding $49.8 billion in assets. On hi…
History
In 1994, the foundation was formed as the William H. Gates Foundation. In the mid-2000s, the foundation's funding grew substantially to $2 billion. On June 15, 2006, Gates announced his plans to transition out of a day-to-day role with Microsoft, effective July 31, 2008, to allow him to devote more time to working with the foundation. The first CEO of the foundation, until she stepped down i…
Activities
To maintain its status as a charitable foundation, the Bill & Melinda Gates Foundation must donate funds equal to at least five percent of its assets each year. As of April 2014, the foundation is organized into four program areas under chief executive officer Susan Desmond-Hellmann, who "sets strategic priorities, monitors results, and facilitates relationships with key partners":
Financials
The foundation explains on its website that its trustees divided the organization into two entities: the Bill & Melinda Gates Foundation and the Bill & Melinda Gates Foundation Trust. The foundation section, based in Seattle, US, "focuses on improving health and alleviating extreme poverty", and its trustees are currently Bill and Melinda Gates; Warren Buffett announced his resignation as a trustee on June 23, 2021. The trust section manages "the investment assets an…
Global development division
Christopher Elias leads the foundation's efforts to combat extreme poverty through grants as president of the Global Development Program.
In March 2006, the foundation announced a $5 million grant for the International Justice Mission (IJM), a human rights organization based in Washington, D.C., US to work in the area of sex trafficking. The official announcement explained t…
Global health division
Since 2011, the president of the Global Health Program is Trevor Mundel.
• The Global Fund to Fight AIDS, Tuberculosis and Malaria: The foundation has donated more than $6.6 billion for global health programs, including over $1.3 billion donated as of 2012 on malariaalone, greatly increasing the dollars spent per year on malaria research. Before the Gates efforts on malaria, malaria drugmakers had largely given up on producing drugs to fight the disease, an…
United States division
Under President Allan Golston, the United States Program has made grants such as the following:
Up to 2013, the Bill & Melinda Gates Foundation provided $71 million to Planned Parenthoodand affiliated organizations. In 2014, Melinda Gates has stated that the foundation "has decided not to fund abortion", focusing instead on family p…
Criticism
Some critics fear that the foundation directs the conversation on education or pushing its point of view through news coverage. The foundation has said it lists all its grants publicly and does not enforce any rules for content among its grantees, who have editorial independence. Union activists in Chicago have accused Gates Foundation grantee Teach Plus, which was founded by new teachers and advocates against seniority-based layoffs, of "astroturfing".
Investments in Corporations
In March 2020, Gates waived his wages and stock compensation when he ended his board service effective on March 13, 2021. The majority of his financial assets are held by Cascade Investment LLC, an entity controlled by Gates to manage his investments.2 Although Cascade is not a public company, some of its investmen…
Real Estate
- His investment portfolio is certainly significant, but Bill Gates also puts his money to use buying real assets, including a sprawling estate and a private island. Gates' Seattle-area home, Xanadu 2.0, is an ocean-side lodge boasting over 66,000 square feet with approximately 500 feet of private waterfront on Lake Washington. The estate features top-of-the-line technology and gadg…
Planes and Automobiles
- Bill Gates is a man who likes to get around. As of 2018, he appeared to own not one, but two Bombardier BD 700 Global Express jets through Challenger Administration LLC, along with a Cessna 208. (Michael Larson, who runs Cascade Investment, is listed as an officer at Challenger).2 Bombardier jets are ultra-long-range corporate sky horses with a range of 6,700 na…
Collectibles
- While it's certainly an achievement to own one-of-a-kind real estate and rare cars, it is another to own precious, irreplaceable collectibles—and Bill Gates certainly has accumulated quite the collection. In 1994, he purchased a celebrated Leonardo Da Vinci manuscript at auction for $30.8 million. Known as the Codex Leicester, this work documents many of Da Vinci's scientific discov…
Philanthropic Endeavors
- Funding worthy causes are atop Bill Gates' list of achievements. The Bill & Melinda Gates Foundation is the largest charitable foundation in the U.S. The foundation held $49.9 billion in assets in 2019 (the most recent figures as of Q1 2021) and the total grant payments since the foundation's inception is $54.8 billion.16 Between 1994 and 2018, Bill Gates gave more than $3…
The Bottom Line
- For Bill Gates, savvy investing in a diversified portfolio of financial assets, real estate, and collectibles help ensure that his wealth will continue to grow. But beyond that, his philanthropic mission to donate much of his wealth to causes to help better the world may be his most significant investment and certainly a lasting legacy.
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