Bill Gates Announces He Will Give ‘Virtually All’ His Wealth to His Foundation

Bill Gates, co-chair of the Bill & Melinda Gates Foundation, speaks during a panel discussion at the 2022 Munich Security Conference in Munich, Germany, on Feb. 18, 2022. Alexandra Beier/Getty Images

Billionaire Microsoft co-founder Bill Gates said Wednesday that he plans to give his wealth to his foundation.

In a Twitter thread that doesn’t allow replies, Gates announced he was transferring $20 billion to the Bill and Melinda Gates Foundation’s endowment this month and will increase spending to $9 billion per year by 2026.