With almost $100 billion to his name, Microsoft co-founder and philanthropist Bill Gates has an intimidatingly large heap of funds to deploy.
Wednesday, Gates revealed the best investment he has ever made in an essay in The Wall Street Journal.
It’s the $10 billion he’s invested, through the Bill & Melinda Gates Foundation, into three particular organizations that increase access to vaccines and medicines for people who need them around the world.
Gates says investing $10 billion in Gavi, the Vaccine Alliance; the Global Fund; and the Global Polio Eradication Initiative, which help deliver drugs to developing countries, has been a rewarding experience because unlike other kinds of investments, they are consistently successful.
One type of investment “Surprised” Gates “Because – unlike investing in a new vaccine or technology, the success rate is very high,” he says.
Gates says the $10 billion his foundation has put into the three organizations has created an estimated $200 billion in social and economic benefits.
Had the Gates Foundation invested that $10 billion in energy projects in the developing world, the return would have been $150 billion, Gates says.
This article was summarized automatically with AI / Article-Σ ™/ BuildR BOT™.