Bill Gates expresses optimism about the future, believing diseases like polio and malaria will be eradicated within two decades. However, with the impending closure of the Gates Foundation in 2045, he questions the willingness of future wealthy individuals to donate as he has. The article contrasts Gates’ and Warren Buffett’s philanthropic legacy with a new mindset emerging among younger billionaires, particularly in Silicon Valley, who view their technological contributions as sufficient. This shift represents a potential decline in large-scale charitable donations and philanthropic engagement from future affluent individuals.
Gates believes diseases like polio and malaria will be eradicated in 20 years, but is uncertain if future wealthy individuals will donate as generously.
The announcement of the Gates Foundation closing in 2045 follows a shift in philanthropic attitudes among younger billionaires, particularly from Silicon Valley.
Gates and Buffett have long promoted giving away wealth, though a new trend suggests some wealthy individuals feel they've already given enough.
Younger billionaires adopt a mindset that argues their societal contributions through technology suffice as their philanthropy, challenging previous charitable norms.
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