![]() ![]() Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Gates’ new book, “How to Prevent the Next Pandemic,” hit shelves last week. In total, the Gates Foundation has committed at least $1.75 billion to support the global response to Covid-19. He predicts that with expanded vaccine availability, that next year the world “won’t have the level disruption we have had for the first three years of this.” He told CNN International anchor Becky Anderson late last year about his hopes of having the Covid-19 pandemic under control by 2023. Gates has spoken often about mitigation efforts and how to prevent the next pandemic. “We will continue working with partners and do all we can to ensure none of us have to deal with a pandemic again,” he said. (MSFT) founder also said Tuesday that the Gates Foundation was “coming together” for the first time two years and that he’s meeting them virtually on Microsoft The outspoken vaccine advocate said on Twitter he’s “experiencing mild symptoms” and he’s “following the experts’ advice by isolating until I’m healthy again.” Gates added that he’s “fortunate to be vaccinated and boosted.” "I feel privileged to be involved in tackling these great challenges, I enjoy the work, and I believe I have an obligation to return my resources to society in ways that have the greatest impact for improving lives," he wrote.Bill Gates said he has tested positive for Covid-19. In his blog post, Gates wrote that he doesn't view the act of giving away his wealth as a sacrifice. That would almost certainly be the case when it comes to assets like real estate - including a 66,000-square-foot lakeside home in Medina, Washington that Wealth-X valued at $80 million in 2019 - and an art collection that Wealth-X values at $130 million, including works by Leonardo Da Vinci.Įither way, it's sure to be a huge undertaking, but the billionaire says he's looking forward to it. Going forward, he could continue to make donations in the form of stock, or decide to liquidate some of his holdings and donate their cash value. ![]() Historically, Gates has donated shares of Microsoft and other investments directly to charities like the Bill & Melinda Gates Foundation, which keeps the bulk of its now nearly $70 billion endowment in stocks. If those assets continue to gain value, Gates may find himself with even more than $113 billion to give away. His net worth fluctuates with the market, and has increased by about 25% over the past five years - despite past donations to charity and a transfer of at least $6 billion to his ex-wife from their 2021 divorce. The vast majority of Gates' wealth comes from private holdings and common stock, including a reported 1% stake in Microsoft that's currently valued at roughly $19 billion. Gates's fortune may grow further before he gives it all away The program says it has prevented more than 15 million deaths since launching. The foundation contributed more than $4 billion to the program, including $750 million in seed funding, while helping convince governments and global health organizations to chip in billions more. Similarly, the Gates Foundation played a key role in creating Gavi, the Vaccine Alliance - a global health program founded in 2000 that provides immunization to poor countries and has helped vaccinate nearly 1.2 billion people against diseases like Covid-19, polio and measles. In a 2008 study, Rice University researchers found that the foundation helped spur greater financial support at the National Institutes of Health for research into vaccines for malaria and tuberculosis, and other global diseases like asthma and heart disease. Those critics have argued that private nonprofits should have more public oversight and accountability.īut the Gates Foundation has undeniably impacted the world for the better already. Critics of the foundation point to the potential dangers - and conflicts of interest - of such a large charitable organization having disproportionate power over how tens of billions of dollars are spent, especially on issues of great global importance. ![]()
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