Bill Gates will shut down his foundation by 2045 and give away nearly all his wealth.
The move could reshape billionaire philanthropy—and tech egos—for decades to come.
The billionaire took a parting shot at Elon Musk, attacking DOGE.
Microsoft founder Bill Gates announces plans to close his foundation by 2045.
Bill Gates to shutter his foundation by 2045, pledging to give away his fortune—and
fires shots at Elon Musk and DOGE on his way out.
Bill Gates to Exit Stage Philanthropy, Left
After nearly three decades of trying to save the world through the
power of vaccines, toilets, and spreadsheets, Bill Gates is winding down his
philanthropic efforts. In a recent announcement, Gates revealed plans to wind
down the Bill and Melinda Gates Foundation by 2045 and give away virtually all
his remaining wealth. That’s around $108 billion, according to Gates.
We have an opportunity to save more lives around the world than ever before—and I want to do even more to help. That's why I'm giving away virtually all of my wealth through the Gates Foundation over the next 20 years. pic.twitter.com/Z5o6ggWYGz
Founded in 2000, the Bill & Melinda Gates Foundation has spent the
last 25 years tackling the planet’s least sexy—but most urgent—issues:
eradicating diseases, funding vaccines, improving sanitation, and trying to fix
U.S. education. Now, the clock is ticking with Gates
saying, “It's really about the urgency. We can spend a lot more if we're
not trying to be perpetual, and I know that the spending will be in line with
my values."
“People will say a lot of things about me when I die, but I am
determined that ‘he died rich’ will not be one of them,” Gates wrote in the
blog post.
It’s not just a tidy exit strategy—it’s a deliberate rebuke of the
trend toward infinite billionaire empires. Gates isn’t trying to create a
dynastic monument or float in space with a golden plaque. He wants the money gone,
and the foundation done.
Elon Musk, DOGE and a Billionaire Beef
Of course, it wouldn’t be a 2025 billionaire news cycle without a little side
of Elon. Gates made sure to throw in a jab at Musk, DOGE, and the endless
funding cuts. In particular, he has criticized the cuts to the US Agency
for International Development (USAID), claiming that Musk was involved in “killing the world’s poorest children”.
Ouch. Gates doubled down in a following
interview, saying, “These cuts will kill not just children, but millions of
children. You wouldn't have expected the world's richest person to do it."
Musk has yet to respond publicly, but if we know anything, there’s
probably a Tweet in draft.
Gates’ decision to wind down the foundation is part of a broader, and
rare, philosophical turn among tech titans. Where many billionaires are busy
creating family offices, vast electronic kingdoms, or orbiting hobbies, Gates
is leaning hard into liquidation—with purpose. While critics say the
foundation’s impact was mixed—especially in areas like education—few can deny
its financial heft. It has given away over $100 billion since inception and
plans to give away $200 billion, depending on the markets and inflation, over
the next two decades, according
to Gates.
Today, I’m proud to share that over the next 20 years, the @gatesfoundation will commit $200 billion to accelerate progress in global health and development—and on December 31, 2045, the foundation will complete its work.
But the sunset plan may also be a wake-up call for other ultra-rich
operators clinging to their philanthropic portfolios like collectible NFTs. If
Bill Gates can hit the off-switch, what’s stopping the rest?
What Happens Next?
Mark Suzman, CEO of the Gates Foundation (LinkedIn).
According to the foundation’s CEO, Mark Suzman, the closure
announcement was spurred on by US government funding cuts, “This is at a moment
now where there are significant cuts happening from the US, but not just the US
alone, into areas that have traditionally supported our work,” Suzman said in an interview with Yahoo Finance. “And so we
felt it was more important than ever that we put a stake in the ground and say,
actually, we are fully committed to this. And we think these are goals that are
still achievable.”
Gates himself will step back from day-to-day operations, eventually handing
over control to new leadership. Whether his children inherit anything more than
a polite handshake and some investment lessons is unclear—but it’s safe to say
this isn’t your typical billionaire legacy plan.
If the idea was to go out with a bang consider it done.
For more news around the edges of finance, visit our Trending pages.
Bill Gates to shutter his foundation by 2045, pledging to give away his fortune—and
fires shots at Elon Musk and DOGE on his way out.
Bill Gates to Exit Stage Philanthropy, Left
After nearly three decades of trying to save the world through the
power of vaccines, toilets, and spreadsheets, Bill Gates is winding down his
philanthropic efforts. In a recent announcement, Gates revealed plans to wind
down the Bill and Melinda Gates Foundation by 2045 and give away virtually all
his remaining wealth. That’s around $108 billion, according to Gates.
We have an opportunity to save more lives around the world than ever before—and I want to do even more to help. That's why I'm giving away virtually all of my wealth through the Gates Foundation over the next 20 years. pic.twitter.com/Z5o6ggWYGz
Founded in 2000, the Bill & Melinda Gates Foundation has spent the
last 25 years tackling the planet’s least sexy—but most urgent—issues:
eradicating diseases, funding vaccines, improving sanitation, and trying to fix
U.S. education. Now, the clock is ticking with Gates
saying, “It's really about the urgency. We can spend a lot more if we're
not trying to be perpetual, and I know that the spending will be in line with
my values."
“People will say a lot of things about me when I die, but I am
determined that ‘he died rich’ will not be one of them,” Gates wrote in the
blog post.
It’s not just a tidy exit strategy—it’s a deliberate rebuke of the
trend toward infinite billionaire empires. Gates isn’t trying to create a
dynastic monument or float in space with a golden plaque. He wants the money gone,
and the foundation done.
Elon Musk, DOGE and a Billionaire Beef
Of course, it wouldn’t be a 2025 billionaire news cycle without a little side
of Elon. Gates made sure to throw in a jab at Musk, DOGE, and the endless
funding cuts. In particular, he has criticized the cuts to the US Agency
for International Development (USAID), claiming that Musk was involved in “killing the world’s poorest children”.
Ouch. Gates doubled down in a following
interview, saying, “These cuts will kill not just children, but millions of
children. You wouldn't have expected the world's richest person to do it."
Musk has yet to respond publicly, but if we know anything, there’s
probably a Tweet in draft.
Gates’ decision to wind down the foundation is part of a broader, and
rare, philosophical turn among tech titans. Where many billionaires are busy
creating family offices, vast electronic kingdoms, or orbiting hobbies, Gates
is leaning hard into liquidation—with purpose. While critics say the
foundation’s impact was mixed—especially in areas like education—few can deny
its financial heft. It has given away over $100 billion since inception and
plans to give away $200 billion, depending on the markets and inflation, over
the next two decades, according
to Gates.
Today, I’m proud to share that over the next 20 years, the @gatesfoundation will commit $200 billion to accelerate progress in global health and development—and on December 31, 2045, the foundation will complete its work.
But the sunset plan may also be a wake-up call for other ultra-rich
operators clinging to their philanthropic portfolios like collectible NFTs. If
Bill Gates can hit the off-switch, what’s stopping the rest?
What Happens Next?
Mark Suzman, CEO of the Gates Foundation (LinkedIn).
According to the foundation’s CEO, Mark Suzman, the closure
announcement was spurred on by US government funding cuts, “This is at a moment
now where there are significant cuts happening from the US, but not just the US
alone, into areas that have traditionally supported our work,” Suzman said in an interview with Yahoo Finance. “And so we
felt it was more important than ever that we put a stake in the ground and say,
actually, we are fully committed to this. And we think these are goals that are
still achievable.”
Gates himself will step back from day-to-day operations, eventually handing
over control to new leadership. Whether his children inherit anything more than
a polite handshake and some investment lessons is unclear—but it’s safe to say
this isn’t your typical billionaire legacy plan.
If the idea was to go out with a bang consider it done.
For more news around the edges of finance, visit our Trending pages.
Louis Parks has lived and worked in and around the Middle East for much of his professional career. He writes about the meeting of the tech and finance worlds.
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This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
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This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
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-Insight into how timing, execution quality, and market structure shaped the final result
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This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
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-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
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This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
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