Bill Gates, co-founder of Microsoft, announced that he would transfer $20 billion in wealth to the Bill and Melinda Gates Foundation. At present, the foundation is increasing its expenditure to cope with global challenges, including the epidemic and the war in Ukraine.

The foundation is one of the largest charities in the world, and plans to increase its expenditure by 50% compared with the pre-epidemic level by 2026, that is, from nearly $6 billion to $9 billion per year. The foundation is mainly devoted to charitable donations, gender equality and education, aiming at improving global health.

Bill Gates and his ex-wife Melinda France Gates both promised to donate most of their wealth to the foundation and other charities they founded 20 years ago.

Bill Gates said: "I will drop out of the world's rich list and eventually quit. I didn't take this money as a sacrifice at all. I am honored to participate in these great challenges. I like this job, and I believe I have an obligation to repay the society in a way that has the greatest impact on improving my life. "

Regarding the future, Bill Gates said that his plan is to donate all his wealth to the foundation.

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