Bill Gates Will Close Gates Foundation by 2045, Give Fortune to Global Health
So far, 2025 has been a terrible year for global health. The Trump Administration is slashing funding to a number of international programs; closing down USAID, the government’s major aid development arm; and withdrawing U.S. membership from the World Health Organization.
But a glimmer of hope arrived on May 8, when Bill Gates, chair of the Gates Foundation, announced that he will be infusing the struggling field with most of his fortune—$200 billion, which he built after creating Microsoft—to be spent by 2045. He also plans to close down the foundation at that time.
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Since Gates and his former wife, Melinda French Gates, created the foundation 25 years ago, the organization has contributed more than $100 billion to global causes, primarily in health. The Gates Foundation helped to create two important international health organizations: GAVI, which provides the world’s children with lifesaving vaccines, and the Global Fund, which focuses on distribut..