Bill Gates to give away $200 billion by 2045

Billionaire Bill Gates announced Thursday that he would donate over 200 billion U.S. dollars through the Bill & Melinda Gates Foundation by 2045.

That would mean the Microsoft co-founder will have given away 99% of his fortune by that date.

The announcement follows cuts to international aid budgets, including U.S. foreign aid programs, which Gates said would cause "millions of more deaths" worldwide.

The Gates Foundation is set to conclude its operations on December 31, 2045, earlier than planned, having already contributed over 100 billion dollars since its establishment in 2000.