Billionaire philanthropist Bill Gates announced he will give away nearly all of his $108 billion personal fortune by 2045, closing the Bill & Melinda Gates Foundation by that date. The move comes amid global cuts to foreign aid, including from the U.S., U.K., and France. Gates aims to fill this gap, targeting $200 billion in total donations to the world’s poorest communities, focused on global health, poverty reduction, and disease eradication.