Billionaire Bill Gates has pledged again to give his wealth away, adding that he will eventually "drop off" the world's rich list.
It came as the Microsoft co-founder announced he would make a $20bn (£17bn) donation to his philanthropic fund.
The world's fourth richest man said he had an "obligation" to return his resources to society.
Mr Gates first pledged to give away his wealth in 2010 but his net worth has more than doubled since then.
He is currently worth $118bn, according to Forbes magazine, but that will fall significantly after his donation in July to the Bill & Melinda Gates Foundation, the charitable fund he set up with his ex-wife in 2000.
Although the foundation bears our names, basically half our resources have come from Warren Buffett. His incredible generosity is a huge reason why the foundation has been able to be so ambitious. I can never adequately express how much I appreciate his friendship and guidance. pic.twitter.com/at7MvJKxQv
— Bill Gates (@BillGates) July 13, 2022
In a Twitter thread, Mr Gates said the foundation would boost its spending from $6bn a year to $9bn by 2026 due to recent "global setbacks" including the pandemic, Ukraine and the climate crisis.
"As I look to the future, I plan to give virtually all of my wealth to the foundation," he said. "I will move down and eventually off of the list of the world's richest people.
"I have an obligation to return my resources to society in ways that have the greatest impact for reducing suffering and improving lives. And I hope others in positions of great wealth and privilege will step up in this moment too."
In a Twitter thread, Mr Gates said the foundation would boost its spending from $6bn a year to $9bn by 2026 due to recent "global setbacks" including the pandemic, Ukraine and the climate crisis.
"As I look to the future, I plan to give virtually all of my wealth to the foundation," he said. "I will move down and eventually off of the list of the world's richest people.
"I have an obligation to return my resources to society in ways that have the greatest impact for reducing suffering and improving lives. And I hope others in positions of great wealth and privilege will step up in this moment too."
Latest Stories
-
Let’s embrace shared vision and propel National Banking College – First Deputy Governor
23 mins -
Liverpool agree compensation deal with Feyenoord for Slot
29 mins -
Ejisu by-election: There’s no evidence of NPP engaging in vote-buying – Ahiagbah
35 mins -
Ejisu by-election: Independent ex-NPP MP’s campaign team warns party against dubious tactics
58 mins -
ZEN Petroleum supports Tse-Addo Future Leaders School
2 hours -
NPP must win back Adentan seat in 2024 polls – Obeng Fosu
2 hours -
PPA Clarification: The dark side of the World Bank’s ‘giveaways’ in Ghana by Bright Simons
3 hours -
Blinken says China helping fuel Russian threat to Ukraine
4 hours -
MHA declares May as Purple Month for Mental Health Awareness
4 hours -
WAEC arrests former headmaster over illegal students registration
4 hours -
MeToo founder Tarana Burke defiant after Harvey Weinstein ruling
4 hours -
Be alert, insist on decent messages – Dwumfour tells media
5 hours -
Father jailed 10 years for burning daughter’s genitals with hot cutlasses
5 hours -
I aim to help Ghana produce world-class athletes – Asamoah Gyan
5 hours -
Ashanti Regional Minister alleges sabotage in electricity supply
5 hours