Bill Gates wants to bequeath his fortune and get out of the ranking of the richest personalities: really for a good cause?

For many years, Bill Gates, the former head of Microsoft, has been among the greatest fortunes on the planet. A comfortable position that the billionaire accompanies with regular donations and a commitment to humanitarian causes.

This week, on Twitter, Bill Gates took another step in his desire to improve the world and announced that he had made a radical decision: to bequeath his fortune. Yes, but to his Bill & Melinda Gates Foundation, created in 2000, “a non-profit organization that fights against poverty, disease and inequality in the world” according to their website.

He said he would increase the annual budget by $9 billion. To which will be added 20 billion in one fell swoop. He explains on Twitter: “In the future, I plan to donate almost all of my wealth to the foundation. I will slip down and eventually disappear from the list of the richest people in the world. I have an obligation to give my resources back to society in a way that will have the greatest possible impact on reducing suffering and improving lives. And I hope that others in positions of great wealth and privilege will also participate in this moment.”, he wrote. Would Bill Gates no longer feel in his place on the prestigious list?

critics of foundations

Remember that the Bill & Melinda Gates Foundation is, however, the subject of much criticism. data moutha program of the French public channel, remember for example that the organization’s money “not distributed directly to good works“.”The foundation dedicates only 5% of its assets to donations, the legal minimum to benefit from tax exemption. While 95% is invested. a confidence (note: a legal structure, which serves as an investment fund in this case) attached to the foundation is responsible for placing them in fossil fuels, with Total and BP, in transgenics with Monsanto and Bayer, or even in the arms industry. A foundation that feeds the scourges against which it claims to fight. Charity doesn’t give a fuck about the hospital“says the report.

in his book The art of false generosity. Bill and Melinda Gates Foundationjournalist Lionel Astruc it specifically points out the conflicts of interest linked to the organization. According to the former reporter The express Y Release, the foundation helps companies conquer markets under the guise of philanthropy. “It is often found that the companies that are in the investments of the foundation trust […] they are also among the recipients of the donations. So there is a real problem there. That is to say that we give money to a company that will bring you money. […] In particular Coca-Cola, which in 2014 had 138 million euros in investments from the trust, and which also benefited from programs aimed at training 50,000 farmers in the cultivation of passion fruit in Kenya. (Editor’s note: fruit destined for Coca-Cola). For Monsanto, it is the even greater conflict of interest. So much so that a former senior Monsanto official is now part of the foundation’s team. The base, in Africa, is the Trojan horse of transgenics and Monsanto“, explains Lionel Astruc In an interview (see below).

For its part, the scientific journal the lancet did an analysis of 1,094 global health scholarships awarded between 1998 and 2007 by the Bill & Melinda Gates Foundation. The survey reveals in particular that a large part of donations in the field of health are given to US organizations or to supranational organizations. A situation that prevents assisted countries and regions from developing their research infrastructures and tools. The analysis also indicates that the foundation prefers to support programs that allow the development of exploitable markets by companies instead of empowering populations in difficulty. “Whenever there are two solutions, namely a natural remedy made locally by local people and a vaccine to be resold by a large laboratory outside a rich country, the Gates Foundation chooses the diseases that require opening markets, creating vaccines“, denounces Lionel Astruc.

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