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Bill Gates announced plans to donate virtually all of his $200 billion fortune within the next 20 years, effectively closing the Gates Foundation in 2045. This accelerated philanthropic effort aims to combat preventable deaths, eradicate infectious diseases, and alleviate global poverty. The decision, spurred by concerns over stalled global health progress and reduced public funding, is touted as the largest philanthropic commitment in history. Gates hopes to inspire other billionaires to follow suit, leveraging advancements in AI to maximize impact.

Prepared by Christopher Adams and reviewed by editorial team.