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Bill Gates announced he will double his charitable giving to $200 billion over the next 20 years, aiming to address global challenges like children's health and climate change. Motivated by a desire to avoid dying rich and inspired by Andrew Carnegie, Gates plans to give away "virtually all" his wealth, with the Gates Foundation closing in 2045. However, he stressed that philanthropic efforts cannot replace government aid cuts, expressing concern over reduced foreign aid budgets from several wealthy nations.

Prepared by Christopher Adams and reviewed by editorial team.