Multi-billionaire Bill Gates reveals why he’s going to fall off the rich list
|Published
Bill Gates, the billionaire co-founder of Microsoft, expects to drop off the World’s Richest People list. Picture: REUTERS/Shannon Stapleton
Bill Gates expects to drop off the World’s Richest People list.
The billionaire Microsoft co-founder – known for his philanthropy work through the Bill and Melinda Games Foundation with his now-ex wife – has explained how giving to charity will drastically reduce his wealth as time goes on.
In his annual year-end post on the Gates Notes Blog, he wrote: “I turned 67 in October. It’s hard to believe I’m that old – in America, most people my age are retired! But I won’t be slowing down any time soon.
“I’m still going full speed on the project I began more than two decades ago, which is to give the vast majority of my resources back to society.
“Although I don’t care where I rank on the list of the world’s richest people, I do know that as I succeed in giving, I will drop down and eventually off the list altogether.
“I’ve always viewed my philanthropy as a way to help reduce the awful inequities I see around the world. I also feel a responsibility to give my wealth back to society in ways that do the most good for the most people."
Bill, 67, also reflected on the news that his eldest daughter Jennifer, 26, is expecting her first baby with husband Nayel Nassar, and he’ll “become a grandfather next year”.
He admitted: “Simply typing that phrase, ‘I’ll become a grandfather next year’, makes me emotional. And the thought gives a new dimension to my work.
“When I think about the world my grandchild will be born into, I’m more inspired than ever to help everyone’s children and grandchildren have a chance to survive and thrive.”
The philanthropic organisation, which strives to enhance health care and reduce extreme poverty across the globe, was launched in 2000.
The couple were granted a divorce in August 2021 after she filed for the separation in May that year after 27 years of marriage.
Reflecting on their break-up, Bill added: “Everyone in the world has experienced loss during this time – of loved ones, financial security, or a way of life.
“Because of my position, I’m insulated from many of these hardships. But I too have hit some personal low points over the past few years, including the death of my father and the end of my marriage.
“As I reflect on the past and look ahead to next year, I’m feeling grateful for the people in my life who support me in difficult moments. They remind me of what’s important, and they inspire me to be a better father and friend.
“Being wealthy makes my life much more comfortable, but not more fulfilling. For that, I need family, friends, and a job where I work on things that matter. I’m grateful to have all three.”
Bang Showbiz