With a net worth of more than $90 billion, Microsoft co-founder Bill Gates is the second richest person in the world, behind only Amazonfounder Jeff Bezos, according to Forbes. He has so much money, in fact, that it has become a full-time job for him, his wife, Melinda, and 1,500 employees of the Bill and Melinda Gates Foundation to give it all away.
So why do the Gates work so hard to give their billions to philanthropy? In the couple’s 10th annual letter describing their foundation’s charity work released Tuesday, the billionaires opened up about the subject.
It provides purpose
“There are two reasons to do something like this,” the letter says, referring to the $4 billion a year the foundation spends in developing countries trying to end child mortality, distribute vaccinations and improve access to education, plus another $500 million it shells out in the…
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