Bill Gates Net Worth: Billionaire's $50 Million Donation To Kamala Harris Is Like An Average Family Giving $318.90

Billionaire Bill Gates donated a reported $50 million to a non-profit backing Kamala Harris in the 2024 presidential election.

The donation is one of the largest by any individual in the election cycle. Here's a look at how the donation compares to Bill Gates' net worth.

The Donation: A recent report links Gates with donating $50 million to Future Forward, a nonprofit supporting Vice President Kamala Harris in the 2024 election.

Gates, who has sat on the sidelines of past presidential elections, has not publicly endorsed Harris for president.

The donation was made to an arm of Future Forward intended to protect the donor's identity, but it became known through information disclosed to The New York Times by sources familiar with the matter.

"I have a long history of working with leaders across the political spectrum, but this election is different, with unprecedented significance for Americans and the most vulnerable people around the world," Gates told the New York Times.

Gates is currently the sixth-richest person in the world, worth $161 billion according to Bloomberg's Billionaire Index.

For context on the $50 million donation, the amount represents 0.03% of his overall wealth.

According to Bloomberg, Gates added $20.6 billion to his wealth in 2024. The $50 million donation represents around 0.2% of his wealth gain for the year.

A Federal Reserve report from 2022 listed the average net worth of an American family at $1.063 million, as reported by Business Insider.

This means that for the average family, donating 0.03% of their net worth would be equal to $318.90.

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Why It's Important: The reported donation from Gates comes with less than two weeks until Election Day, and Harris and Donald Trump are competing to win over the last undecided voters.

While Gates has traditionally remained silent in his political commentary, his donation is likely due to a difference between Harris and Trump in several sectors and ideals.

"I support candidates who demonstrate a clear commitment to improving health care, reducing poverty and fighting climate change in the U.S. and around the world," Gates told The New York Times.

The Bill & Melinda Gates Foundation philanthropic organization is concerned about a win by Trump and what it could mean for global health care, according to the report.

Gates ex-wife Melinda French Gates has publicly endorsed Harris and donated to her campaign.

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