Giving Away Billions Feels Great: Gates

Microsoft founder touts philan-therapy for world's rich
By Ambreen Ali,  Newser User
Posted Jun 3, 2009 3:58 PM CDT
Norwegian Prime Minister Jens Stoltenberg, second left, meets Microsoft chairman Bill Gates and his wife Melinda Gates, right, at the Oslo conference on international poverty.   (AP Photo)
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(Newser) – Bill Gates is touting the feel-good benefits of giving away money, telling a crowd in Oslo that “all billionaires should give away the vast majority of their fortunes.” Leave enough for the kids, he says, but, “I’m a great believer that great wealth should go from the richest to the poorest.” Gates has directed much of his Microsoft earnings to charity work, Reuters notes.

“I think they would enjoy it, their kids would be better off, and the world would be better off,” Gates said of wealthy philanthropists. He renewed his appeal to eradicate polio, and says his foundation’s biggest success has been in vaccinations. “We have saved millions of lives, and there is more to be done.” He’s aiming for an HIV/AIDS vaccine within 15 years. (Read more Bill Gates stories.)