Tech titans like Mark Zuckerberg and Bill Gates have pledged to give away billions through the 'Giving Pledge' - here's where the money is going
Spencer Platt / Getty
Bill Gates has held the title of richest person in the world many times since 1995, recently falling to second place behind Amazon CEO Jeff Bezos. Over the past two decades, Gates and his wife, Melinda, have spent much of their money on charity, encouraging other billionaires to follow in their footsteps by signing the Giving Pledge.
The Gates couple launched the pledge with Warren Buffett in 2010, asking signatories to donate a majority of their wealth to charity either during their lifetime or in their will.
In the Bill and Melinda Gates Foundation's annual letter from this year, Gates wrote that he and his wife discussed spending a lot of time on philanthropy before they even got married.
"We think that's a basic responsibility of anyone with a lot of money," Gates wrote. "Once you've taken care of yourself and your children, the best use of extra wealth is to give it back to society."
This is how Gates and other billionaires in the tech industry spend the money they pledged to donate:
Bill and Melinda Gates have donated billions since launching the Giving Pledge.
Mark Zuckerberg and Priscilla Chan pledged to give away 99% of their Facebook shares to charity.
Larry Ellison focuses on medical research and education in his giving.
Paul Allen has donated $500 million to his institute for brain science.
Elon Musk's foundation supports science education and renewable energy research.
Facebook co-founder Dustin Moskovitz and his wife Cari Tuna donate hundreds of millions each year through the Good Ventures Foundation.
Azim Premji is using his wealth to reform the public school system in India.
German businessman Hasso Plattner has been donating toward global health and education for over two decades.
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