Bill Gates snubs kids from inheritance billions as he makes shock announcement

Posted on AllSides May 8, 2025

From the Right

AllSides Media Bias Rating: Lean Right

See full bias rating for Daily Mail Learn about media bias

Bill Gates has announced he will give away 99 percent of his immense fortune in the coming years - leaving one percent for himself and his children.

The tech mogul is shuttering the Gates Foundation by December 31, 2045, effectively ending a lifelong project to give away his multi-billion fortune.

He announced Thursday that he plans to distribute 'virtually all' of his wealth, approximately $200 billion, within the next 20 years.

Read Full Story

Check for Bias

Related Coverage

AllSides Picks

Headline Roundup

Binance Works to Recover Billions After What May Be the Largest Hack in History

October 31st, 2026

Red Blue Translator

Great Depression (The)

The Insight

Four Issues Defining the 2026 Midterms

AllSides Staff

October 30th, 2026

More News about Banking and Finance

News from the Left

News from the Center

News from the Right

American investors' trick to lower taxes: lose money

The Economist

CBS News Not Airing '60 Minutes' Jeffrey Epstein Story Under Scrutiny

Newsweek

Man helped raise $1.7 million for Hamas funding scheme disguised as Gaza aid: DOJ

Washington Examiner

Stocks are sexy, but bonds are the most important market in the world

Axios

Deutsche Bank, JPMorgan, BofA Enabled Epstein, Wyden Report Says

Bloomberg

Inflation Fears Surge As Economic Expectations Plunge

The Daily Caller

Young Americans have higher credit scores today than before Covid

CNN Business

How much of a foothold does gambling have on Americans?

Deseret News

Stubborn inflation sets stage for Federal Reserve to hike interest rates

Fox Business

Frustrated US consumers cut their retail spending last month

CNN Digital

Trump admin freezes over $1B in Medicaid funds for Minnesota, California

The Hill

Texas cities dominate America's best housing markets as coastal powerhouses fall behind: report

Fox Business

60 Minutes Epstein Banking Story Didn't Air After Sharyn Alfonsi Exit, Dem Senator Claims

Mediaite

A $1K Investment in Trump Accounts Could Be Worth $5,560 in 18 Years

Newsweek

CEO says doing business in state 'sucks' as company heads to Texas amid California exodus

Fox News Digital

A For-Profit Hospital Slashed Costs. Then a Patient Froze to Death on Its Roof.

Mother Jones

Trump marks launch of Trump Accounts at Oval Office event

NewsNation

Bank of America unveils $250B initiative to modernize US infrastructure

Fox Business

Trump administration says it's deferring $1B in Medicaid payments to California and Minnesota

Associated Press

How you borrow, pay off student loans may change on July 1: What to know

The Hill

RFK Jr. Freezes $1B in Medicaid to California, Minnesota over Fraud Fears

Breitbart News

Former Federal Reserve Chair Alan Greenspan Dies At 100

HuffPost

Ilhan Omar makes big claim on husband Tim Mynett's income: Is he earning less than $200 a year? A look at his net worth

Hindustan Times

Trump Accounts, giving newborns $1K, to launch July 4

Washington Times

Trump Accounts can help build long-term wealth, but only after ensuring 2 behaviors, exclusive research finds

CNBC

Trump's IRS Settlement Triggers New Debate Over Presidential Tax Protections

Forbes

Russell Vought testifies on budget before House appropriations subcommittee

Washington Examiner

Judges strike down Trump administration's overhaul of student loan forgiveness program

Associated Press

Fidelity agrees to $2.5M settlement with payouts up to $5K: Do you qualify?

The Hill

Education Department cuts loan eligibility for college degree programs yielding 'low-earning' jobs

Just The News