Bill Gates, Co-Chair, Bill & Melinda Gates Foundation, speaks at a news conference during the World Economic Forum in Davos, Switzerland, May 25, 2022. Gates, concerned about the “significant suffering” caused by global setbacks including the COVID-19 pandemic, announced Wednesday, July 13, 2022 that he will donate $20 billion to his foundation so it can increase its annual spending. The donation, combined with longtime board member Berkshire Hathaway CEO Warren Buffett’s $3.1 billion gift last month, brings The Bill and Melinda Gates Foundation’s endowment to approximately $70 billion, making it one of the largest in the world. (AP Photo/Markus Schreiber, file)
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