Bill Gates To Give “Majority” Of His $200 Billion Fortune To Africa

By Semafor Africa

Photos: YouTube Screenshot\Wikimedia Commons

Bill Gates said the “majority” of the $200 billion he plans to give away over the next 20 years will be used to push development and innovation in Africa.

His Gates Foundation will focus on partnering with governments that prioritize the health of their populations. “By unleashing human potential through health and education, every country in Africa should be on a path to prosperity,” Gates said in a speech at the African Union headquarters in Addis Ababa on Monday. He highlighted examples of government-backed innovation in countries including Ethiopia, Mozambique, and Rwanda.

Gates also spoke of the potential of harnessing artificial intelligence in health care and education, and will meet with several African AI leaders in Nigeria this week.

In May, Gates told Semafor that he planned to give away “virtually” all of his wealth and then sunset his foundation in 2045, but warned that his fortune would not plug the hole left by USAID and other foreign aid rollbacks in recent months.

Paige Bruton