ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Would Bill Gates pick up $100 off the ground? The billionaire finally settles the age-old debate

Gates addressed the strange question during a rare ask me anything session on Reddit.
PUBLISHED 22 HOURS AGO
Bill Gates discusses his new book 'How To Prevent The Next Pandemic' | (Cover image source: Michael Loccisano | Getty Images)
Bill Gates discusses his new book 'How To Prevent The Next Pandemic' | (Cover image source: Michael Loccisano | Getty Images)

An average person on the streets would be elated to spot a $100 bill lying on the ground, although authorities have recently warned people against touching such abandoned currecy notes. But what if something like that happened to a person who is worth billions of dollars and even has plans to give away most of it?

This burning question was answered by co-founder of Microsoft and the tech giant's former CEO, Bill Gates in a rare "Ask Me Anything" session on Reddit, and it was rather unexpected but sensible.

Bill Gates asks former U.S. President Barack Obama questions at the Gates Foundation Inaugural Goalkeepers event - (Image source: Yana Paskova/Getty Images)
Bill Gates asks former U.S. President Barack Obama questions at the Gates Foundation Inaugural Goalkeepers event (Image source: Yana Paskova/Getty Images)

Will Bill Gates Pick up $100 Off the Floor?

About a decade ago, when Bill Gates was still at the helm of Microsoft, he did an Ask Me Anything Q&A on Reddit. To publicize the event, he shared a promo video on his YouTube channel to trigger some curiosity.

Photo illustration of the Reddit logo (Image source: Mario Tama/Getty Images)
Photo illustration of the Reddit logo (Image source: Mario Tama/Getty Images)

In the promo, Gates answers some standard questions to demonstrate the format of the session. The first question was "How does it feel to be the biggest philanthropist in the world?" and in response, Gates humbly denied the claim saying that he isn't the biggest philanthropist at all and stated that it was a myth. He also explained that he isn't sacrificing anything in life to do good, while acknowleding that there are people in the world who choose to be on the field and sacrifice their lifestyle to help others. 

The next question was also the most intriguing one for those witnessing the session. A user asked, "If you saw a $100 bill on the ground, would stop and pick it up?"

A man picking up a one hundred dollar bill off the sidewalk- (Image source: stock photo/Getty Images)
A man picking up a one hundred dollar bill off the sidewalk- (Image source: stock photo/Getty Images)

Answering the question, Gates said "All my thoughts about money were formed at a time when $100 really was a substantial amount of money." He went on to say that if someone finds the bill lying around, maybe it belongs to the person who is distraught over losing it. Hence, the nice thing to would be to find the owner and return the money. However, Gates admitted that if he ever finds a $100 bill, he would do something different. He said "I would pick it up and give it to the foundation (The Bill & Melinda Gates Foundation), because there, $100 actually buys quite a bit."



 

The Bill & Melinda Gates Foundation is committed to improving health and fighting poverty as well as inequity around the world. According to its official website, the foundation has given away about  $77.6 billion toward various causes. More recently, the current CEO of the Bill & Melinda Gates Foundation, Mark Suzman called upon all the billionaires of the world to actively donate more.

Mark Suzman, CEO of Bill and Melinda Gates Foundation, speaks at Semafor's The Next 3 Billion Summit (Image source: Steven Ferdman/Getty Images)
Mark Suzman, CEO of Bill and Melinda Gates Foundation, speaks at Semafor's The Next 3 Billion Summit (Image source: Steven Ferdman/Getty Images)

In his annual letter, Suzman made the call to the wealthy to help in the fight against inequity. The CEO also shared the story of Chuck Feeney, a billionaire who inspired Warren Buffett, Bill Gates, and Melinda French-Gates by giving away $8 billion from his fortune while keeping his donations anonymous, the Associated Press reported.

In 2024, the Gates foundation announced that it would spend  $8.6 billion through the year, aided by a $20 billion donation that Gates himself made in 2022.

MORE ON MARKET REALIST
Several people from other countries were surprised to see what the image of the user's grocery basket revealed.
17 hours ago
The restaurant decided to introduce limits on the distance from which people can place online orders to prevent such fiascos.
18 hours ago
The teenager also mentioned that they haven't told anyone about the winnings and don't know how to hide the cash.
21 hours ago
Gates addressed the strange question during a rare ask me anything session on Reddit.
22 hours ago
Confusion among viewers about Tamara's answer triggered an online outrage against the host Sajak.
1 day ago
Zuckerberg made the surprising comments in response to a Facebook employee's question.
1 day ago
It happened when Sandler was out for dinner with Osbourne and others from the set of "Little Nicky."
1 day ago
The amount that was raised online turned out to be a lot more than what his daughter was aiming for.
1 day ago
The seller knew it belonged to former Guns N'Roses guitarist DJ Ashba, but she had no idea of its true value.
2 days ago
This simple addition to the bill may seem subtle but has a significant impact on customer behavior.
2 days ago
The store owner feels that while the man should be punished for wielding a gun, society needs to help such people.
2 days ago
There were some who even tried to snatch the viral tumblers from other customers including kids.
2 days ago
The reimbursements are part of a settlement for two separate data breach incidents in 2021 and 2023.
2 days ago
The solution will not only be used for long-term lunar missions but will also help communities on Earth.
3 days ago
The seller has strongly advised prospective buyers to thoroughly review his disclosure.
3 days ago
The country music star had a similar experience with a Walmart employee last year as well.
4 days ago
Retirees are also opting for tiny homes to spend their days in a comfortable setting with a lower cost of living.
4 days ago
Other artists have alleged that generative AI tools are enabling the theft of their art.
4 days ago
For now, the couple has opted to pay $2,700 a month as rent in a suburb till the housing market cools down.
4 days ago
These are part of a wider recall that has affected millions of pounds of frozen meat.
5 days ago