Listen to this article
10 min
Bill Gates is soothing his $200-billion headache by giving his fortune away – most of it to Africa – over the next two decades. That means increasing Gates Foundation disbursements to $9-$10-billion annually, compared with $8-billion in 2024.
This nearly trebles the foundation’s average charitable outlay of about $3.4-billion each year since the Gates family got into philanthropy in 1994.
The increase is astounding in absolute dollar terms, but when adjusted for past and future inflation, the purchasing power of the expanded Gates largesse (supplemented by Warren Buffett’s substantial billions) just about keeps pace with the real value of their original benefactions.
