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Bill Gates announced he will donate 99% of his remaining $107 billion fortune to the Gates Foundation, accelerating its closure to 2045. This massive philanthropic gift, potentially second only to Warren Buffett's, will allow the foundation to spend an additional $200 billion over the next two decades on global health and US education. While celebrating the foundation's impact, Gates acknowledges criticisms of its influence but remains committed to its mission, aiming to maximize its impact before its closure.

Prepared by Christopher Adams and reviewed by editorial team.