Bill Gates will spend most of his wealth on improving health and education services in Africa over the next 20 years, the billionaire Microsoft co-founder pledged last week.
In May, he had announced plans to spend more than $200bn through the Gates Foundation that he established with ex-wife, Melinda French Gates, 25 years ago, reports Axios.
Once “virtually all” of the fortune of the former world’s richest man is gone, he said the Seattle-based philanthropic organisation would close on 31 December 2045.
During a recent address at the African Union (AU) headquarters in Ethiopia’s capital, Addis Ababa, he said wanted to use the vast majority of the money to help “address challenges” in Africa.
“By unleashing human potential through health and education, every country in Africa should be on a path to prosperity – and that path is an exciting thing to be part of,” the 69-year-old said.
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