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World News See other World News Articles Title: Bill Gates making $200 billion from vaccines? Microsoft co-founder explains math behind ‘returns’ Bill & Melinda Gates Foundation has so far ploughed billions of dollars into developing medicines. For instance, it has committed over $3 billion in HIV grants to organizations globally and over $1.6 billion to the Global Fund to Fight AIDS, Tuberculosis and Malaria. It has also committed over $300 million to the global Covid response. There was a video posted on Facebook earlier this month claiming that billionaire philanthropist Bill Gates admitted he is making $200 billion from investments made by his charitable foundation Bill & Melinda Gates Foundation in vaccines. The post, which read “Bill Gates admits that he’s making $200 billion on his VAX,” however, is a 26-second clip that has been cut as an extract from an interview of Gates with CNBC on January 23, 2019. Gates was discussing the economic upside of $10 billion investment by his foundation in the video that otherwise is misleading, AFP Fact Check reported. During the interview with the news channel, Gates hadn’t mentioned his personal gain. There was a video posted on Facebook earlier this month claiming that billionaire philanthropist Bill Gates admitted he is making $200 billion from investments made by his charitable foundation Bill & Melinda Gates Foundation in vaccines. The post, which read “Bill Gates admits that he’s making $200 billion on his VAX,” however, is a 26-second clip that has been cut as an extract from an interview of Gates with CNBC on January 23, 2019. Gates was discussing the economic upside of $10 billion investment by his foundation in the video that otherwise is misleading, AFP Fact Check reported. During the interview with the news channel, Gates hadn’t mentioned his personal gain. Bill Gates making $200 billion from vaccines? Microsoft co-founder explains math behind ‘returns’ By: FE Online | Updated: Sep 27, 2020 6:44 PM Bill & Melinda Gates Foundation has so far ploughed billions of dollars into developing medicines. For instance, it has committed over $3 billion in HIV grants to organizations globally and over $1.6 billion to the Global Fund to Fight AIDS, Tuberculosis and Malaria. It has also committed over $300 million to the global Covid response. BIll Gates said that 200 billion dollars RoI was calculated by the Copenhagen Consensus Center. There was a video posted on Facebook earlier this month claiming that billionaire philanthropist Bill Gates admitted he is making $200 billion from investments made by his charitable foundation Bill & Melinda Gates Foundation in vaccines. The post, which read “Bill Gates admits that he’s making $200 billion on his VAX,” however, is a 26-second clip that has been cut as an extract from an interview of Gates with CNBC on January 23, 2019. Gates was discussing the economic upside of $10 billion investment by his foundation in the video that otherwise is misleading, AFP Fact Check reported. During the interview with the news channel, Gates hadn’t mentioned his personal gain. The $200 billion figure came from a Wall Street Journal article titled The Best Investment I’ve Ever Made on Januar 16, 2019, Gates explained talked about the $10 billion investment made by his foundation in global health organisations such as Gavi, the Global Fund and the Global Polio Eradication Initiative. “What if we had invested $10 billion in energy projects in the developing world? In that case, the return would have been $150 billion. What about infrastructure? $170 billion. By investing in global health institutions, however, we exceeded all of those returns: The $10 billion that we gave to help provide vaccines, drugs, bed nets and other supplies in developing countries created an estimated $200 billion in social and economic benefits,” Gates wrote. He had said that the $200 billion return on investment was calculated by the Copenhagen Consensus Center. Related News Pre-institution mediation, abolishing IP Appellate Board to help MSMEs with speedy justice: Law ministry Google CEO Sundar Pichai pledges assistance of Rs 135 crore as India struggles with challenging COVID-19 second wave Also read: CAIT’s e-commerce portal to be operational in October to take on JioMart, Amazon, Flipkart, others Bill & Melinda Gates Foundation told AFP Fact Check that the clip was taken out of context. In an email, it said, “When we talk about return on investment (ROI) for vaccines, we mean lives saved and economic growth for the areas where the vaccines are made available.” The foundation has so far ploughed billions of dollars into developing medicines to fight diseases such as malaria, polio, Coronavirus and more. For instance, it has committed over $3 billion in HIV grants to organizations globally and over $1.6 billion to the Global Fund to Fight AIDS, Tuberculosis and Malaria. It has also committed over $300 million to the global Covid response. Poster Comment: Of course it was not a personal gain but it was a megalomaniac power gain. Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 3.
#3. To: Horse (#0)
Misleading headline. Although his foundation is making a ton of money on investments like bomb trains. The foundation's money is his to control, which gives him a lot of economic power.
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