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Bill’s Biggest Bet Yet | |
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| Time: 00:36 EST/05:36 GMT | News Source: MSNBC | Posted By: Robert Stein | ||
|
Thanks Paul. "The richest people on earth have created a fund of more than $24 billion to save the poorest from disease. How much of a difference can Bill and Melinda Gates make?" To a man like Gates, this is not just an outrage but an opportunity—one he is uniquely positioned to seize. Over the past several years, Gates and his wife, Melinda, have created what is now the largest foundation in history. Its assets stand at more than $24 billion. And though it supports some programs to improve schools and wire libraries to the Internet, its primary focus is health. Nothing about the foundation is conventional. Instead of turning it over to a board of directors, Gates placed his dad and a longtime friend in charge. And applying his legendary business sense to the enterprise, he has helped create a whole new model of philanthropy—a spare, lean, entrepreneurial model that employs leverage instead of largesse to make things happen. | ||
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