Billionaire Bill Gates’s foundation will focus all of its resources on fighting the coronavirus, according to the Financial Times.
The philanthropist and founder of Microsoft Corp. said that the Bill & Melinda Gates Foundation, with an endowment exceeding $40 billion, will give “total attention” to the pandemic that has killed more than 200,000 and is roiling economies around the world, he said in an interview with the newspaper.
“You’re going to have economies with greatly reduced activity levels for years,” Gates said. The pandemic could cost the global economy “tens of trillions of dollars,” he said in the interview.
The foundation has contributed $250 million to help counter the coronavirus and is re-purposing units dedicated to fighting other diseases to join in the battle against the pandemic.