Bill Gates donates $20 Billion to Himself

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Microsoft Corp co-founder Bill Gates is donating $20 billion to the charitable foundation run by him and his ex-wife Melinda Gates to boost its annual distributions.

The donation will help the Bill & Melinda Gates Foundation – one of the world’s largest private charitable foundations – increase its annual payout by 50% to $9 billion by 2026, he said in a post on his personal blog on Wednesday.

“The great crises of our time require all of us to do more,” Gates said, referring to the Covid-19 pandemic, the war in Ukraine and climate change, among others.