Here’s why Bill Gates is giving away most of his remaining fortune to his charity

Microsoft co-founder and Chair of the Gates Foundation Bill Gates attends a session during the Philanthropy Asia Summit in Singapore on Monday. Roslan Rahman/AFP via Getty Images

Roslan Rahman/AFP via Getty Images

Microsoft co-founder Bill Gates is accelerating his pledge to donate most of what remains of his fortune to charity.

Gates, who was once the world’s richest man, announced Thursday that he will give around $200 billion over the next 20 years to his charity, the Gates Foundation. He also announced the foundation would close by 2045.

“People will say a lot of things about me when I die,

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