Investing in global health organizations aimed at increasing access to vaccines created a 20-to-1 return in economic benefit, billionaire Microsoft co-founder and philanthropist Bill Gates told CNBC on Wednesday.
Over the past two decades, the Bill and Melinda Gates Foundation has donated “a bit more than $10 billion” into mainly three groups: the Global Alliance for Vaccines and Immunization, the Global Fund to Fight AIDS, Tuberculosis and Malaria, and the Global Polio Eradication Initiative.
As a comparison, Gates echoed what he wrote in an essay in The Wall Street Journal last week under the banner “The Best Investment I’ve Ever Made,” saying that same $10 billion put into the would have grown only to $17 billion over 18 years, factoring in reinvested dividends.
Bill Gates - World Economic Forum Annual Meeting Davos 2008.
(Image by (From Wikimedia) World Economic Forum, Author: World Economic Forum) Details Source DMCA
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