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Five Important Facts About the Bill & Melinda Gates Foundation, One Of The World’s Biggest | Technology

Bill Gates is the fourth richest man in the world, Together Assets worth about $ 130 billion, According to Forbes magazine.

His divorce agreement with Melinda may be the most valuable in the world, and the two may individually become major donors.

Check it out below Five Important Facts About the Bill and Melinda Gates Foundation, According to its website and other sources, is located in Seattle, Washington (West). Both said in a statement The foundation will continue to work together.

Bill and Melinda Gates guarantee to act on a charitable basis after divorce

1. Work and investments

The foundation was laid 20 years ago when Gates was shocked by a newspaper article about the deaths of thousands of children in Africa from preventable diseases such as diarrhea and pneumonia.

Today, its mission is to fight diseases such as polio and malaria and fight poverty and inequality in the world.

In addition to health, it invests in education and Internet access and seeks to reform gun control laws in the United States to limit its sales.

Since 2000, it has invested $ 55 billion in 135 countries in an effort to achieve its goals. Each year, it donates about $ 5 billion to various causes, according to the New York Times.

The money is instrumental in improving the Kovacs mechanism that arranges for 92 poorest countries in the world and dozens of other countries to purchase vaccines.

But he found himself in the midst of a controversy last year when he was accused of encouraging Oxford University to partner exclusively with Astrogeneka to produce its vaccine, rather than allowing free access to other laboratories.

The foundation has also invested in the detection, isolation and treatment of the corona virus, according to the online publication Insight Philanthropy.

Key contributors: Between 1994 and 2018, Gates contributed more than $ 36 billion to its foundation, which currently has approximately $ 50 billion in assets.

Billionaire Warren Buffett has donated billions of dollars in the form of shares in Berkshire Hathaway where he holds his funds, promising to donate most of his wealth to the foundation when he dies.

When Gates made a “pledge” to donate at least 50% of their wealth to charities, they said they would donate a “majority” of their assets to their own foundation. The New York Times reports that most of that money has not yet been donated.

The “Pledge of Allegiance” today has about 200 contributors.

The trust invests in a portfolio of companies that offer its assets, particularly Berkshire Hathaway ($ 11 billion in shares), waste management, Canadian National Railways, caterpillar and Walmart, according to Investopedia.com.

In her book The Moment of Lift (2019), Melinda reveals that she has been at loggerheads with her husband since 2012 over who will write the foundation’s “annual letter” written by Bill since 2007. “We thought we were going to kill,” he said.

They have been writing together since 2014.

Melinda Gates has already used her own investment office, Pivotal Ventures, to donate more than $ 1 billion to charities such as promoting gender equality.

Your The divorce agreement could exceed $ 35 billion In stocks Amazon (4%) Acquired by McKenzie, ex-wife of CEO of online sales companies, Jeff BezosIn 2019.

The Times notes that some believe Melinda Gates will become a major philanthropic force, like McKenzie Scott, the world’s third-richest woman who donated about $ 6 billion by 2020.

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