Bill Gates to close foundation (and give away all his money) by 2045

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Bill Gates to close foundation (and give away all his money) by 2045

NEW YORK -- When Bill and Melinda French Gates created the Gates Foundation in 2000, they had planned for the organization to continue its work, using their remaining fortune, for several decades after they died. But now, the billionaire Microsoft founder says he doesn't want to wait that long to give away most of his wealth.Gates announced on Thursday that he now plans to distribute \"virtually all\" of his wealth - around $200 billion, he estimates - within the next 20 years, before shuttering the foundation on December 31, 2045.The announcement comes as President Donald Trump's administration is working to ..