The Bill & Melinda Gates Foundation has said as small as 0.5 per cent of the wealth of billionaires around the world can save millions of lives if invested in meaningful philanthropism.
The organisation said this in its recent call for increased philanthropism among global rich individuals and organisations to advance solutions to improve lives.
Giving a breakdown in the latest 2024 Gates Foundation annual newsletter, the CEO of the foundation, Mark Suzman, said donations from billionaires would unlock $61 billion, which is enough to make impacts and “still have $49 billion left over.”
