Most of us can’t be as philanthropic as Bill Gates, but we should plan for our legacy with financial advisers and beneficiaries.

This week billionaire Bill Gates announced he is giving away $200 billion through the Gates Foundation — including 99% of his own wealth — over the next 20 years. Why is he doing this? Fareed sits down with Gates to discuss this radical decision and how it will impact global aid over the next two decades.

Here’s why Gates says he will give away 99 percent of his wealth in the next 20 years. Bill Gates announced Thursday that he plans to give away about 99 percent of his wealth by 2045, doubling the pace of his philanthropy.