Bill Gates Pledges Most Of $200bn Fortune To Africa

Bill Gates, the Microsoft co-founder, has committed to directing the bulk of his vast wealth over the coming 20 years toward transforming healthcare and education systems throughout Africa.

At 69 years old, Gates highlighted that empowering people by enhancing these fundamental areas is essential for every African nation to unlock lasting economic growth and social progress.

Speaking in Addis Ababa, the heart of Ethiopia, he urged Africa’s emerging tech talents to leverage artificial intelligence as a catalyst for groundbreaking improvements in the continent’s healthcare landscape.

In a major announcement last month, Gates laid out his intention to donate nearly all of his anticipated $200 billion fortune by 2045, aligning with his foundation’s planned wind-down.

At a recent gathering held at the African Union headquarters, Bill Gates reaffirmed his pledge to dedicate the bulk of his fortune over the next two decades to tackling some of Africa’s most pressing challenges.

This commitment drew praise from Mozambique’s former First Lady, Graça Machel, who described Gates’ timing as crucial amid the continent’s ongoing crises. She voiced optimism that he would maintain his resolve to drive meaningful transformation across Africa.

This pledge comes at a critical time, as reductions in US foreign aid—including cuts to programs addressing HIV/AIDS—have sparked concerns about the future stability of healthcare initiatives in Africa. These funding shifts are linked to President Donald Trump’s “America First” policy, which has raised questions about continued support for the region.

Gates highlighted that his foundation, which has a deep-rooted history of involvement in Africa, will focus on strengthening primary healthcare systems. He stressed that prioritizing maternal health and nutrition during pregnancy, along with early childhood nutrition, yields the most impactful outcomes.

Turning to Africa’s vibrant youth, Gates pointed out the transformative power of mobile technology on banking services and encouraged innovators to now explore how artificial intelligence can revolutionize healthcare delivery. Rwanda was spotlighted as a leading example, where AI-driven ultrasound tools are already helping detect high-risk pregnancies.

The foundation laid out three major goals: eradicating preventable maternal and infant deaths, safeguarding children from deadly infectious diseases, and elevating millions from poverty. Additionally, it announced plans to conclude its operations within 20 years, aiming for a lasting legacy of change.

Read also: Bill Gates: I Have No Desire To Die A Rich Man

In a recent announcement, Bill Gates revealed his intention to accelerate his philanthropic contributions through his foundation. Writing in a personal blog, he emphasized his determination to avoid the legacy of “dying rich,” stating that despite various opinions about him, he wants to be remembered for generosity rather than wealth accumulation.

Even with a pledge to donate 99% of his fortune, which Bloomberg estimates would still leave him among the world’s billionaires, Gates remains committed to a massive redistribution of his wealth.

Gates, who co-founded Microsoft with Paul Allen in 1975, played a pivotal role in transforming the company into a dominant force within the software and technology sectors. Over the years, he has gradually stepped away from leadership roles—retiring as CEO in 2000 and relinquishing his chairmanship in 2014.

His philanthropic drive was inspired by influential figures like Warren Buffett and other major donors who champion large-scale giving.

Despite the widespread acclaim for his foundation’s efforts, critics argue that Gates’ charitable organization sometimes benefits from tax advantages while exerting significant sway over international health agendas, raising questions about the power held by private philanthropy in public systems.

Africa Today News, New York