Gates pledges most of his wealth to health, education services in Africa
Bill Gates will spend most of his wealth on improving health and education services in Africa over the next 20 years, the billionaire Microsoft co-founder pledged Monday.
The big picture: He announced last month plans to spend more than $200 billion through the Gates Foundation that he established with ex-wife, Melinda French Gates, 25 years ago until "virtually all" of the fortune of the former world's richest man has gone and then close the Seattle-based philanthropic organization on Dec. 31, 2045.
Driving the news: Gates said during an address at the African Union (AU) headquarters in Ethiopia's capital, Addis Ababa, he wanted to use the vast majority of the money to help "address challenges" in Africa.
"By unleashing human potential through health and education, every country in Africa should be on a path to prosperity — and that path is an exciting thing to be part of," the 69-year-old said.
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