Microsoft co-founder Bill Gates has no personal use for money, uses it for the poor Written by Ron on January 20, 2013 - 05:14AM
Microsoft's co-founder and Chairman Bill Gates recently mentioned during an interview that he had no use for money. In fact, Gates wants to take the wealth that he has and give it back to the world. Gates is focusing on "getting the resources out to the poorest in the world.”
“I’m certainly well taken care of in terms of food and clothes. 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,” Gates stated during an interview. "We’re focused on the help of the poorest in the world, which really drives you into vaccination. You can actually take a disease and get rid of it altogether, like we are doing with polio,” Gates adds.
Gates explains that the vast majority of his money (95%) goes to the Gates Foundation. In fact, the Foundation will spend all of that money within 20 years after Bill and Melinda gates are no longer around. Gates co-founded Microsoft alongside Paul Allen back in 1975 and left the CEO position back in January of 2000. In 2006, Gates announced that he would play a part-time role at Microsoft and the majority of his attention to his Foundation and philanthropic efforts.