Latest news with #BillandMelindaGatesFoundation
The Hindu
20-05-2025
- Business
- The Hindu
Four Indians conferred 2025 Gates Cambridge scholarships
Four Indian students make up the 95, this year, who have been conferred the Gates Cambridge Scholarships this year -- a prestigious award that offers students a fully-paid opportunity to pursue post-graduate research at the University of Cambridge, United Kingdom. Two-thirds of these fellowships are offered to those pursuing a doctorate. In the 25th year since the awards were instituted, the Indian scholars selected include Ishan Bhadoo, who is currently pursuing the Mathematical Tripos (MASt) at Cambridge and will soon begin a PhD in mathematics; Snigdha Gupta, who will be pursuing Asian and Middle Eastern Studies; Yashika Gupta who will be pursuing an MPhil in the Ethics of AI, Data and Algorithms and, Adhib Hussain Syed, who is to pursue doctoral studies in Architecture. There are approximately 250 Scholars from 50 countries studying in Cambridge at any one time who pursue the full range of subjects available at the University and are spread across its departments and Colleges, as well as forming their own distinctive community. The Gates Cambridge Scholarship programme was established in October 2000 by a donation of US$210m from the Bill and Melinda Gates Foundation to the University of Cambridge. The first class of scholars came into residence in October 2001. Since then, the Trust has awarded over 2,000 scholarships to scholars from more than 100 countries, said a statement from the University.
Time of India
10-05-2025
- Business
- Time of India
Why Bill Gates accused Elon Musk of "killing world's poorest children"
Bill Gates blasts Elon Musk over USAID shutdown plans Ever since world's richest man Elon Musk has joined hand with the Donald Trump administration, he has been facing backlash. More recently, tech billionaire and Microsoft co-founder Bill Gates criticised Musk for being involved in the killing of some of the world's poorest children. But why so? Speaking in context of Elon Musk's recent cuts to the US Agency for International Development , which is responsible for distributing foreign aid in the world, Gates said that by doing so Musk is risking a resurgence of many deadly diseases like measles, HIV and polio. "The picture of the world's richest man killing the world's poorest children is not a pretty one... I'd love for him to go in and meet the children that have now been infected with HIV because he cut that money," Gates told the Financial Times in an interview. Operation Sindoor India's air defence systems shoot down Pak drones in J&K, Punjab & Rajasthan India-Pakistan tensions: Delhi airport issues travel advisory Operation Sindoor: Multiple explosions heard at several Pakistan air bases Gates also warned of a stark reversal to decades of progress in reducing mortality over the next four to six years due to the funding cuts by governments worldwide, in an interview with Reuters. "The number of deaths will start going up for the first time ... it's going to be millions more deaths because of the resources," Gates told Reuters. On the contrary, Gates announced that he will be donating 99% of his wealth in the next 20 years, and that the Bill and Melinda Gates Foundation will cease its operations by 2045. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cinnamon: The Hidden Blood Sugar Enemy? Try This Tonight! Cinnamon Help Learn More Undo Talking about his decision, he wrote in his blog post, "People will say a lot of things about me when I die, but I am determined that 'he died rich' will not be one of them... There are too many urgent problems to solve for me to hold onto resources that could be used to help people. That is why I have decided to give my money back to society much faster than I had originally planned." For the unversed, the Bill and Melinda Gates Foundation, established in 2000, is one of the world's largest private philanthropic organizations. Founded by Microsoft co-founder Bill Gates and his then-wife Melinda French Gates, the foundation focuses on global health, education, and poverty alleviation. It has committed billions of dollars to initiatives like eradicating polio, improving public health systems, supporting education reform, and expanding access to clean water and sanitation. The foundation works in partnership with governments and organizations worldwide to address systemic challenges. Known for its data-driven approach, it plays a pivotal role in tackling some of the world's most pressing problems. Gates and Musk, the CEO of Tesla and SpaceX, once agreed over the role of the wealthy in giving away money to help others, but have since clashed several times. Asked if he had appealed to Musk recently to change course, Gates said it was now up to Congress to decide on the future for U.S. aid spending. How much wealth will Bill Gates' children inherit Bill Gates has three children with his former wife Melinda French Gates. The Gates kids-Jennifer Gates Nassar, Rory Gates, and Phoebe Gates- have all carved a niched for themselves in different fields, away from the shadows of their famous parents. However, Bill Gates has been quite vocal that his children won't inherit a majority of his wealth. "Well, I think everybody gets to decide on that. In my case, my kids got a great upbringing, education, but less than 1% of the total wealth because I decided it wouldn't be a favour to them. It's not a dynasty. I'm not asking them to run Microsoft. I want to give them a chance to have their own earnings and success, be significant and not overshadowed by the incredible luck and good fortune I had," Gates told Raj Shamani in an interview. Masterclass for Students. Upskill Young Ones Today!– Join Now
India.com
09-05-2025
- Business
- India.com
Bill Gates To Donate 99 Per Cent of His Wealth Over Next 20 Years — What Will His Children Inherit? Check His Net Worth
photoDetails english 2898331 Bill Gates Net Worth In May 2025: Tech Billionaire And Microsoft co-founder Bill Gates' pledge to donate his remaining wealth is one of the most significant philanthropic contributions ever made by an industrialist, surpassing even the historic donations of American titans like John D. Rockefeller and Andrew Carnegie. The Bill and Melinda Gates Foundation, one of the world's largest charitable organizations, was established by Bill Gates and Melinda French Gates in 2000. It initially began by collaborating with companies to drive down the cost of medical treatments so that low- and middle-income countries could afford them. Updated:May 09, 2025, 12:35 PM IST Bill Gates to Donate 99% of His Wealth 1 / 8 Tech billionaire and Microsoft co-founder Bill Gates has pledged to donate 99% of his $168 billion fortune to the Bill and Melinda Gates Foundation over the next 20 years. Bill Gates Foundation to Shut Down by 2045 2 / 8 Bill Gates revealed that the Gates Foundation—globally known for its work in health, education, and poverty alleviation—will wind up operations by 2045. Fifth Richest Man Plans $200 Billion Impact 3 / 8 According to Bloomberg, Gates is the world's fifth richest person. The Foundation will spend an extra $200 billion over two decades to maximize its impact. His Personal Motivation: 'I Won't Die Rich' 4 / 8 In a blog post, Gates wrote, 'People will say a lot of things about me when I die, but 'he died rich' will not be one of them.' Minimal Inheritance For His Children 5 / 8 Bill Gates has consistently said his three children—Jennifer, Rory, and Phoebe—will inherit less than 1% of his wealth, believing it's better for their growth and independence. Bill Gates' 27-Year Marriage That Ended in 2021 6 / 8 Bill Gates was married to Melinda French Gates for 27 years. Their 2021 divorce surprised many, but they continue co-chairing their foundation. 'Not a Favour to Them,' Gates Tells Raj Shamani 7 / 8 In a recent chat with Raj Shamani, Gates explained that giving most of his wealth to his kids wouldn't be doing them a favour—highlighting the value of self-earned success. Bill Gates Net Worth As Of May 2025: 8 / 8 Over the years, Microsoft founder Bill Gates has truly lived up to the 'Bill' in 'Billionaire.' As of May 2025, Forbes estimates his net worth at US$113 billion, ranking him as the thirteenth-richest person in the world. (Image Credit: @Bill Gates/ Insta)
Time of India
08-05-2025
- Business
- Time of India
Bill Gates to donate $200 billion by 2045, blasts Elon Musk saying 'killing world's poorest children'
Microsoft co-founder Bill Gates has announced a new, faster timeline for giving away his vast fortune, highlighting artificial intelligence (AI) as a powerful tool to transform global health and save lives. In a major shift, the Bill and Melinda Gates Foundation will now spend over $200 billion in the next 20 years and shut down operations by 2045—well ahead of the previous plan to wind down 20 years after Gates' death. The announcement included criticism of fellow tech billionaire Elon Musk. Gates suggested to the New York Times that Musk's severe cuts to the US Agency for International Development were linked to a missed social engagement, appearing to criticise Musk's conduct. Operation Sindoor Operation Sindoor: Several airports in India closed - check full list Did Pak shoot down Indian jets? What MEA said India foils Pakistan's attack on Jammu airport: What we know so far "People will say a lot of things about me when I die, but I am determined that 'he died rich' will not be one of them," Gates wrote, sharing a chart predicting his net worth will drop by 99% over the next two decades, reflecting a doubling of his philanthropic pace. Citing inspiration from 19th-century philanthropist Andrew Carnegie, Gates clarified he does not want to create a foundation that lasts forever. Speaking to the New York Times, Gates expressed preference for swift distribution of billions rather than establishing a permanent foundation, citing emerging technologies' potential. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like My Stepdad Demands I Pay Him Rent On My 18th Birthday. He Doesn't Know I Own The House So I Did This Beach Raider Undo He emphasised AI's remarkable capabilities in healthcare delivery. "All the intelligence will be in the AI, and so you will have a personal doctor that's as good as somebody who has a full-time dedicated doctor -- that's actually better than even what rich countries have," Gates told the New York Times. Whilst acknowledging private foundations' impact, Gates stressed governmental roles' importance, lamenting significant budget reductions by various wealthy nations. "It's unclear whether the world's richest countries will continue to stand up for its poorest people. But the one thing we can guarantee is that, in all of our work, the Gates Foundation will support efforts to help people and countries pull themselves out of poverty," he wrote. These changes included Musk's "Department of Government Efficiency" severely cutting USAID during Trump's presidency. Gates described these reductions as "stunning" and more extensive than anticipated. "The picture of the world's richest man killing the world's poorest children is not a pretty one," Gates remarked about Musk to the Financial Times. Forbes' "real-time" billionaire ranking places Gates at 13th with $112.6 billion, whilst Musk leads with $383.2 billion. The Bill and Melinda Gates Foundation began operations in 2000, coinciding with Bill Gates' departure as Microsoft CEO. In 2024, Melinda French Gates left the foundation three years post-divorce. The organisation, holding assets exceeding $71 billion at 2023's end, has significantly influenced global public health. It maintains five African offices, plus locations across the United States, Europe, China, India and the Middle East. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Forbes
05-05-2025
- Business
- Forbes
Gates Foundation Opening Singapore Office To Deepen Southeast Asia Partnerships
Singapore`s business district at night. The Bill and Melinda Gates Foundation plans to open an office in Singapore as it seeks to deepen collaborations with governments, philanthropies and health research institutions across Southeast Asia. 'The Gates Foundation is putting up an office here to access the science [and] to partner with the philanthropic community,' Bill Gates, the billionaire cofounder of Microsoft, said Monday at the Philanthropy Asia Summit in Singapore. Gates also met with Singapore Prime Minister Lawrence Wong. 'We had a wide-ranging conversation on challenges ahead, from clean energy to vaccine development,' Wong said on Facebook. 'Singapore looks forward to working closely with the Gates Foundation to advance innovation and improve lives here in Asia and around the world.' Supported by Singapore's Economic Development Board, the establishment of the office in the city state will help accelerate the progress towards achieving Sustainable Development Goals, the foundation said in a statement. 'As the Gates Foundation marks 25 years, we're excited to strengthen our presence in Southeast Asia through Singapore,' Hari Menon, director for South and Southeast Asia at the Gates Foundation, said in the statement. 'Singapore's leadership in innovation and philanthropy makes it an ideal hub to help scale solutions that improve lives across the region and beyond.' Founded in 2000 by Gates and his then wife Melinda French Gates, the foundation is a philanthropic organisation that has donated over $100 billion to help improve global health, access to education and inclusive economic growth.
