On the latest blog of Bill Gates, he shares a plan on how his net worth will go for the next 20 years. This year the Gates Foundation is celebrating its 25th founding anniversary. Over the 25 years, they disclosed that they are giving away more than $100 billion—in parts of Warren Buffett's generosity—to save and improve children's lives. The Gates Foundation was partnered with different organizations worldwide to reach children in every corner of the world. One of these organizations is Rotary International, with over 1.4 million members. In the Philippines in 1979, Rotary club International administered the polio vaccine to children in Guadalupe for the first time, and until now the club has been promoting the polio vaccine to help ease the life burden of Filipino children.
Bill Gates will return his wealth to society.
Bill Gates' quoted from The Gospel of Wealth by Andrew Carnegie this phrase: "The man who dies rich dies disgraced." He said that "The line struck a chord with me when I first read it decades ago, and it still does all these years later. People will say a lot of things about me when I die, but I’m determined that "he died rich" will not be one of them."
That's no one can do with his generosity as he does not want to be the disgraced man. He decided to gradually give away his net worth over the next 20 years virtually through the Gates Foundation. As he promised to double the spending of the foundation from the previous 20 years of existence. Also, Bill Gates's plans included the full closure of the foundation on December 2045, before his net worth allocation will turn to zero. The remaining 1% of his net worth is enough for him to finance his aged life.
His wealth will help more mothers, infants, and children to be saved from possible mortality during pregnancy and the burden of life experienced by children around the world.
How about you? Have you ever thought about where you wealth go before your death?
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