Bill Gates donates $20 Billion of his wealth to foundation, plans to drop off list of wealthiest people
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Bill Gates is moving $20 billion of his wealth into the endowment of the Bill and Melinda Gates Foundation, which is ramping up its spending in the face of global challenges, including the pandemic and the war in Ukraine, media reports said. The foundation, one of the world's largest philanthropies, plans to increase its payouts by 50 per cent over pre-pandemic levels, from nearly $6 billion to $9 billion each year by 2026.