Melinda French Gates, who divorced Bill Gates last year and is one of the most powerful philanthropists in the world, at the head of the Bill & Melinda Gates Foundation, decided to stop donating most of her fortune to the organization she founded. with her ex-husband and in exchange she will distribute it in other initiatives, according to The Wall Street Journal.
The Journal, which cites people familiar with the matter, points out that the former Microsoft executive made this change in the distribution of her wealth official at the end of last year, when she published her first solo letter in Giving Pledge, a project from which she encourages to the billionaires to share and from which he promised to give the bulk of his fortune to the foundation.
In a letter published Wednesday in Giving Pledge, French Gates claims to be “reaffirming” the idea with which he created that project in 2010 together with Bill Gates and the investment guru Warren Buffett, and says he has the same will to get rid of the “most resources” that accumulates in life, but rejects that they remain “concentrates” In a place.
“I recognize the absurdity of so much wealth being concentrated in the hands of one person and I believe that the only responsible thing to do with a fortune of this size is to give it”, points out the computer engineer, who points out the importance of doing it in a way “careful” and that it generates “impact”.
Gates French assures that he never imagined being able to donate one day “thousands of millions” dollars and, although he does not specify among which other organizations he will distribute his money, he does mention that in 2015 he created the company Pivotal Ventures with the goal of contributing to the “social progress” in United States.
Likewise, it emphasizes that it is not aespecially noble deed“get rid of some money”that your family will never need”, for which he undertakes to “do more than write checks”: “I will dedicate my time and energy and efforts to work to fight poverty and improve equality.”
The Gates foundation is one of the world’s leading charities, with a fund of $50 billion. The former marriage continues to chair the foundation, but she promised to resign in 2023 if one of the two decides that they cannot continue working together.
Source: Gestion
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