New Delhi, May 8 -- Bill Gates announced on Thursday (May 8) that he plans to give away almost his entire personal fortune over the next two decades, pledging that his foundation will distribute around $200 billion to aid the world's poorest. The move comes as international aid budgets face severe cuts by major donor governments.

In a sharp criticism of Elon Musk and the current US administration under President Donald Trump, Bill Gates accused Musk of devastating consequences for vulnerable populations.

"The picture of the world's richest man killing the world's poorest children is not a pretty one," Gates told the Financial Times, referring to drastic reductions in the US aid budget led by Musk's Department of Government Efficiency. ...