Ladbible X Whatsapp
  • iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • Say Maaate to a Mate
    • Daily Ladness
    • Lad Files
    • UOKM8?
    • FreeToBe
    • Extinct
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
Bill Gates Says He Fully Intends To Lose His Rich List Spot While Still Alive

Home> News

Published 20:58 13 Jul 2022 GMT+1

Bill Gates Says He Fully Intends To Lose His Rich List Spot While Still Alive

In a new interview with Forbes, Gates explained how he intends to follow the ‘give while you live’ principle

Jess Hardiman

Jess Hardiman

Bill Gates has revealed he intends to lose his spot on the Forbes World’s Billionaires List while he’s still alive, having recently got the plan moving with a whopping $20 billion donation to the Gates Foundation. 

In a new interview with Forbes, Gates explained how he fully intends to follow the ‘give while you live’ principle popularised by businessman and philanthropist Chuck Feeney, who co-founded airport retailer Duty Free Shoppers with Robert Miller back in 1960. 

Determined to follow a similar path, Gates has vowed to relinquish his rich list spot, with Forbes noting how, thanks to his most recent donation, he ‘drops one spot to number five in the world, with a net worth of some $102 billion sitting outside the foundation’. 

Bill Gates.
Alamy

Advert

Gates said: “I'll get myself out of the highly visible part of the list with just say two more gifts of this magnitude. I would get myself off the top part of the list. 

“Getting all the way off the list, that's going to take me a while, but my direction of travel is clear.” 

According to Forbes, the $20bn donation brings Bill and Melinda Gates’ lifetime giving amount to $55 billion, which makes them the ‘biggest philanthropists of all time’ – moving ahead of Warren Buffet, who has given away $48 billion, most of it also to the foundation. 

The pair plan to up the foundation spending by 50 percent, to $9bn a year, by 2026, with a project spend between now and then of $41.4bn.

Bill and Melinda Gates in 2016.
Alamy

Advert

“This is going to supercharge or accelerate, charge, turbocharge basically all the work that we do," Gates said.

Thankfully, Gates and ex-wife Melinda remain on the same page with the foundation following their highly-publicised divorce. 

He continued: “The good news is that even during the tough times of divorce, which are fortunately now more than a year behind us, we were able to work constructively at the foundation. 

“It's always surprised to me how much Melinda and I agree on foundation stuff. And we have a few things where she knows better than I and we just support each other. 

“She gets to speak for herself, but everything I see says that, 'Hey, we're the great partnership running the foundation, we've always been'.” 

Advert

Referencing his ex-wife's recent trip to Africa, he added: “So she went to Rwanda where the Commonwealth heads of state got together. She went to Senegal and she was writing back every day. I saw this, I think about that.” 

Featured Image Credit: Alamy

Topics: Bill Gates, Celebrity, US News, Money

Jess Hardiman
Jess Hardiman

Jess is Entertainment Desk Lead at LADbible Group. She graduated from Manchester University with a degree in Film Studies, English Language and Linguistics. You can contact Jess at [email protected].

X

@Jess_Hardiman

Advert

Advert

Advert

Choose your content:

8 hours ago
9 hours ago
  • 8 hours ago

    Man, 92, found guilty of murder of woman nearly 60 years ago in UK's 'longest cold case'

    75-year-old Louisa Dunne was murdered in her Bristol home in 1967

    News
  • 8 hours ago

    'Marriage destroyer' holiday hotspot where Brits 'can't stop cheating' revealed

    Time to cancel those flights

    News
  • 8 hours ago

    Brit ranked no.733 in world won't receive £99k prize money despite shock first round win at Wimbledon

    Oliver Tarvet won't see the money because of a sporting rule

    News
  • 9 hours ago

    Police in frantic search for victim's head after reality star girlfriend charged with murder

    Police believe he was killed nearly two weeks ago now

    News
  • Bill Gates explained why he will leave his kids 'less than 1%' of his $101 billion net worth
  • Bill Gates pledges to spend $200 billion and give away almost his entire fortune
  • Bill Gates’ daughter accidentally reveals billionaire’s medical condition he's never publicly shared
  • Bill Gates reveals his perfect answers for three most common interview questions