Philanthropy

World’s Richest Man Bill Gates Raises $500 Million for Creating New Vaccines to Fight Next Epidemic

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World's Richest Man Bill Gates Raises $500 Million for Creating New Vaccines to Fight Next Epidemic
PHOTOGRAPH: World Economic Forum/Wikimedia CC |

Bill Gates has raised $500 million to develop vaccines and fight epidemics that the world might face next. If and when the initiative is proven to be successful, more viruses would be added to the roster of the threats we can battle.

New Vaccines For Future Threats

Called the Coalition for Epidemic Preparedness Innovations (CEPI), the effort will focus its work to aim viruses including Nipah, MERS-CoV, and Lassa with the goal of developing two vaccines for each virus. If there are vaccines available, many epidemics can be fought and lives could be saved making this initiative really important.

The co-founder of Microsoft, the world’s largest PC software company, said in a statement how Zika and Ebola proved “the world is tragically unprepared to detect local outbreaks.” That is why investments in research and development, said Gates, are crucial for us to be equipped against the threats to come.

From the Bill and Melinda Gates Foundation’s goal of raising $1 billion for the vaccine development project CEPI, they already reached $490 million. They are able to accumulate the amount from the help of the governments of countries such as Japan, Germany, and Norway.

Gates’ Generous Philanthropy Work

Bill Gates is long known for his philanthropy efforts to share the millions he has earned throughout the years. In fact, the 61-year-old still emerged as the world’s richest man even while sharing hefty amounts for his philanthropy work.

That is because his wealth already has a momentum of its own to grow and increase. With that, he is expected to become the world’s first trillionaire in 25 years.

This man only proves the saying of “the more you give, the more you receive.” It was in 2000 when Gates and his wife Melinda combined their three family foundations to give birth to world’s wealthiest charitable foundation that is Bill and Melinda Gates Foundation.

It has four core programs including United States Division, Global Health Division, Global Development Division and Global Policy & Advocacy Division. The foundation has also already funded for genetically modified organisms in the development of agriculture.

It is for the creation of a genetically modified rice, called Golden Rice, to battle Vitamin A deficiency. This research was done by the International Rice Research Institute.

Eventually, the couple reportedly plans to donate 95 percent of their wealth to the charity to fund more good and world-changing efforts. And with the latest achievement of Bill Gates on CEPI, many are looking forward to the promising new vaccines that will be accessible for places with the major health crises.

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