Core Points - Bill Gates announced that he will donate nearly all of his wealth through the Gates Foundation over the next 20 years, with the foundation set to permanently close by December 31, 2045 [1][4] - Gates expressed confidence in the management of the foundation and emphasized the importance of financial decisions impacting lives [1] - Gates' current net worth is reported to be $108 billion, with projections suggesting it could reach approximately $128 billion by December 2024 [4][7] Summary by Sections Philanthropic Commitment - Bill Gates plans to donate almost all of his wealth to the Gates Foundation to improve lives globally [1] - The foundation is scheduled to close permanently by the end of 2045 [1] Wealth Inheritance - Gates revealed that his children will inherit less than 1% of his total wealth, which equates to approximately $12.8 million based on a projected net worth of $128 billion [7] - He believes that providing too much wealth to his children may not be beneficial for their personal development [7] Personal Philosophy - Gates emphasizes the importance of parental love and support, advocating for his children to carve out their own paths to success rather than relying on their father's fortune [7] - He aims to maximize the impact of his resources through the foundation, focusing on helping those in need [7]