https://arstechnica.com/tech-policy/2022/07/bill-gates-says-giving-away-all-his-wealth-wont-solve-much-but-worth-it/

Throughout the pandemic, the world’s richest men added about a trillion dollars to their net worth. The Washington Post reported that SpaceX’s Elon Musk and Amazon’s Jeff Bezos pocketed a fifth of that. But while some billionaires spent the pandemic getting richer, Microsoft co-founder Bill Gates looked at the world crumbling around him and decided to make a different business plan.

“I will move down and eventually off of the list of the world’s richest people,” Gates declared in a blog, announcing his plan to personally donate funds that will dramatically increase the annual amount that the Bill & Melinda Gates Foundation pays out to support global initiatives in the name of progress.