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Considering the Bill & Melinda Gates Foundation is essentially chaired by the two directly, why wouldn't you consider that wealth (that they get nice tax treatm
by r00fus 4y ago
Considering the Bill & Melinda Gates Foundation is essentially chaired by the two directly, why wouldn't you consider that wealth (that they get nice tax treatment for donating to) isn't theirs?
- SamBam 4y agoOnce he has donated it to the foundation, it is no longer fully under his control. It is a charitable organization, and subject to many laws about how the money is spent. So it's never included in any measure of his total wealth. (GP's point is that if it were, and also all the past charitable spending was, then Gates works be richer. (