Bill Gates announced on Thursday that the Gates Foundation will double how much it has given away in the next two decades.
Microsoft co-founder Bill Gates has given himself a 20-year timeline to « give away virtually all my wealth. »
The Gates Foundation says it has given away more than $100 billion during its first 25 years, and will double that over the next 20 years.
Gates said he made the decision after reading « a lot of books. »
« One of the best things I read was an 1889 essay by Andrew Carnegie called The Gospel of Wealth », the chairman of the Gates Foundation wrote in a post on his website.
« It makes the case that the wealthy have a responsibility to return their resources to society, a radical idea at the time that laid the groundwork for philanthropy as we know it today.
