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Money Bill Gates reveals how he decides where to spend his billions

01:12  12 january  2018
01:12  12 january  2018 Source:   businessinsider.com.au

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Bill Gates has sunk billions of dollars into vaccinations and therapies for the world's deadliest diseases. At a recent conference, he explained how he goes after low-hanging We're no different than anyone else." Gates and his wife Melinda are cochairs of the Bill and Melinda Gates Foundation.

Bill Gates has sunk billions of dollars into vaccinations and therapies for the world's deadliest diseases. he decides to stick around. BBM then resumes his accept that it

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Bill Gates has sunk billions of dollars into vaccinations and therapies for the world’s deadliest diseases. At a recent conference, he explained how he goes after low-hanging fruit that few people have thought to grab.

Bill Gates has sunk billions of dollars into vaccinations and therapies for the world's deadliest diseases. At a recent conference, he explained how he goes after low-hanging fruit that few people have thought to grab.

Bill Gates has invested billions of dollars into solutions for the world's deadliest and most common diseases, such as malaria, tuberculosis, and HIV. His efforts have helped cut rates of child mortality, maternal mortality, hunger, and overall prevalence of such ailments.

At the recent JP Morgan Healthcare Conference, the billionaire philanthropist shared with moderator Dr. Sanjay Gupta some of the specific strategies he uses to make these world-changing investments.

"If you're smart," Gates said, "you find the thing that is risky and hopefully before you do a phase I or phase II test" - two stages of the clinical trials that are used to assess drugs - "you have an understanding of what's going to to work. We're no different than anyone else."

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Bill Gates has sunk billions of dollars into vaccinations and therapies for the world’s deadliest diseases. At a recent conference, he explained how he goes after low-hanging We’re no different than anyone else.” Gates and his wife Melinda are cochairs of the Bill and Melinda Gates Foundation.

Bill Gates has sunk billions of dollars into vaccinations and therapies for the world’s deadliest diseases. At a recent conference, he explained how he goes after low-hanging fruit His efforts have helped cut rates of child mortality, maternal mortality, hunger, and overall prevalence of such ailments.

Gates and his wife Melinda are cochairs of the Bill and Melinda Gates Foundation. The organisation funds and coordinates research efforts to develop and deliver medicine to needy populations, typically those in developing countries.

Gates said one of his biggest strategies is to find ways to make big dents in infectious disease. He said there's "lots of low-hanging fruit out there," for which "there just hasn't been that much work done."

a man wearing glasses © Provided by Business Insider Inc When it comes to malaria, for example, he told Gupta the current process is to run in-house human challenge trials. That means people can volunteer to take an intervention, typically some kind of tablet or pill, get bitten by a mosquito with malaria, and see if they get infected.

"If we can get the latest tools involved we can have a good chance at success," Gates said, referring to creating effective disease interventions. The Gates Foundation has committed hundreds of millions of dollars to groups like the PATH Malaria Vaccine Initiative and the Medicines for Malaria Venture to develop solutions.

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He and his wife Melinda are incredibly focused on philanthropy, having donated more than billion in 2016 to causes related to global health and development and US education. Bill Gates reveals how he decides where to spend h

Addressed to Warren Buffett — who donated billion to the foundation in 2006 — this year’s missive serves as a progress report on how the couple has made use of his investment. “In the U.S., there's no state where you can't go in and buy contraception,” Bill Gates told Mic.

The method tracks with much of Gates' past investments, in that he has gone after diseases that afflict millions - sometimes billions - with the hope of saving the most lives possible with a single, targeted approach. Since 2000, malaria death rates in Africa have fallen by 57%, something Gates has called "one of the greatest success stories in the history of global health."

The Gates Foundation has invested in a host of companies that target malaria and other diseases afflicting the poorest parts of the world. At the JP Morgan Healthcare Conference, Gates pointed to CureVac and Moderna, two companies that use RNA molecules to develop cancer therapies.

"This approach is also intriguing as a potential immunological intervention for HIV, malaria, flu, and the Zika virus," Gates said in his address at the conference. He went on to discuss possible interventions in neonatal mortality, which affects nearly 5 million kids annually.

Over time, Gates' strategy has remained mostly the same: Pick a disease that robs millions of people of their lives or livelihoods, and if a given intervention can go a long way toward reducing that suffering, chances are Gates classifies it as "promising."

Bill Gates promised to pay off this country's $76 million debt — now he's doing it .
The repayments, which will be made over the course of 20 years, are due to begin this year. Nigeria had no new cases of polio last yearIn 2014, Nigeria borrowed the money from Japan to fund its fight against the preventable disease, Quartz reports. The Gates Foundation had agreed to repay the loan if Nigeria met certain conditions, namely "achieving more than 80% vaccination coverage in at least one round each year in very high risk areas across 80% of the country's local government areas," according to an email from the foundation to Quartz.

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