Microsoft co-founder Bill Gates last month said he plans to give away “virtually all” of his wealth to his and his ex-wife's philanthropic organization, the Bill and Melinda Gates Foundation. The pledge, he said, will knock him off the world’s wealthiest list.
The biggest givers in the nation donated more than $33.4 billion in 2021, according to the Chronicle of Philanthropy, and Forbes estimates that the country's 25 largest donors have given $169 billion over the course of their lives. But when the ultra wealthy give, where do those billions go?
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