Bill Gates and Warren Buffet have been long-term friends and in 2006 Gates started a philanthropist venture to convince other billionaires to donate their wealth to charity which saw Warren donate most of his wealth to the Gates Foundation. At this time Berkshire Hathaway Company was valued at $30 billion and the coming together of these two world’s richest men saw them donate funds to the organization to fight extreme poverty and reduce significantly the rates of childhood mortality.
Every year as a part of accountability, the Bill and Belinda Gates Foundation publish a letter to the public explaining their global development agenda, the challenges they have faced, and a projection of the goals they are yet to accomplish in the future. In 2017 the Gates wrote a letter to the philanthropist Warren Buffet explaining how they have put into use the monies he has invested in their foundation.
In the letter, the Gates has focused on global health and how they have helped achieve a consistent reduction of mortality rates for children under the age of five. Since Warren loves numbers they have gone ahead and stated that 122 million lives of children lives have been saved since 1999. They attribute this success majorly on the use of contraceptives and vaccines as a technique to improve lives and reduce the mortality rates.
The five deadly infections that have been captured in their letter are; Tuberculosis (TB), HIV, Malaria, Malnutrition and Preventable deaths. They explained in the letter the immunizations and vaccinations equal an economic profit of $44 and the money that would be spent in the event of a child getting sick and their parents not going to work as a result. They have also stated that with the current endeavors they have made it now costs lee than $1 for the vaccine.