Billionaire Bill Gates says he will be knocked off the list of the world’s wealthiest people by choice – as he plans to give away most of his money.
The world’s fourth-richest man, worth around $122bn, said he planned to hand over virtually all his financial assets to his charity foundation, starting with a donation of $20bn (£16.92bn).
Business Insider reports that Warren Buffett, Gates, and Melinda French Gates founded an initiative called The Giving Pledge in 2010 as a “movement of philanthropists who commit to giving the majority of their wealth to philanthropy or charitable causes, either during their lifetimes or in their wills.”
According to the publication it garnered signatures from over 200 billionaires across the world. In 2020, Bill and Melinda announced that their children would not be inheriting copious amounts of money and becoming billionaires because they are giving it all away.
Source: thesouthafrican
In other news – Big Xhosa’s heart-melting love letter to actress Thembi Seete
Mzansi musical artist, Big Xhosa shoots his shot at Thembi Seete as he writes her a heart-melting love letter.
Taking to Instagram, the rapper shared a beautiful photo of the 45-year-old and captioned it with words detailing his emotions towards her. Learn more
