One of the world’s richest people Bill Gates recently said that he has no use for money. The Bill and Melinda Gates Foundation were thus designed in order to share wealth accumulated by Bill Gates in his entrepreneurial venture “Microsoft”.
The Bill and Melinda Gates Foundation had given away as much as $28 Billion out of which $8 Billion have been spent on healthcare only.
Bill said, “Money has no utility to me beyond a certain point. Its utility is entirely in building an organisation and getting the resources out to the poorest in the world.”
The lakeside estate in Washington where Bill Gates resides is worth $150Mn and has an underwater music system and swimming pool integrated into the house.
The next project going to be taken over by his charity Bill and Melinda Gates Foundation is aimed at eradicating Polio.