• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Some Fortune Crypto pricing data is provided by Binance.
LawBill Gates

As Gates’ Epstein connection unnerves staff, his foundation looks for a way forward

By
Jake Angelo
Jake Angelo
News Fellow
Down Arrow Button Icon
By
Jake Angelo
Jake Angelo
News Fellow
Down Arrow Button Icon
February 20, 2026, 3:06 AM ET
bill gates
Bill Gates abruptly canceled his appearance at the AI Impact Summit in New Delhi.Patrick van Katwijk—Getty Images

Microsoft cofounder Bill Gates pulled out of an AI summit in New Delhi on Thursday, just hours before the billionaire was slated to deliver a keynote speech. 

Recommended Video

The move came despite the Gates Foundation confirming as recently as Tuesday that Gates would be attending the event. When asked for comment, the organization told Fortune Gates decided not to give the keynote address “to ensure the focus remains on the AI summit’s key priorities.” Instead, the Gates Foundation was represented by Ankur Vora, president of its Africa and India offices. “The Gates Foundation remains fully committed to our work in India to advance our shared health and development goals,” the organization said.  

Gates’ abrupt decision follows renewed scrutiny of his connection to Jeffrey Epstein. The U.S. Department of Justice released emails last month featuring Bill Gates’ name in the Epstein files, sparking new questions over Gates’ involvement with the late financier and convicted sex offender. The emails suggested that Gates and Epstein had several meetings after Epstein’s release from prison in 2009, with conversations focused on Gates’ philanthropic goals. The files have inspired some of those associated with Gates to clarify the extent of his relationship with Epstein.

Gates’ mention in the latest batch of Epstein files has reportedly caused rumblings within the Gates Foundation. At a town hall on Feb. 5, the foundation’s CEO, Mark Suzman, told staff he was unsettled by the emails. “I feel somewhat sullied by just any association of Epstein with the work we do,” Suzman said, according to the Financial Times. The comment came after staff had raised concerns over the potential damage Gates’ association with Epstein, particularly in their conversations surrounding the philanthropic organization, could have on the foundation.

A continued philanthropic mission

Gates said last year the foundation would spend $200 billion over the next 20 years and then close by 2045 as part of the billionaire’s plan to give away most of his wealth. In 2010 Gates signed onto the Giving Pledge, a campaign launched by Gates, his ex-wife Melinda French Gates, and former Berkshire Hathaway CEO Warren Buffett, encouraging the world’s richest to commit the majority of their wealth to charitable organizations.

The billionaire remains a major philanthropist, with an $86 billion footprint spanning more than 130 countries. This year, the foundation established a record-breaking $9 billion annual payout. While the foundation will continue to focus on global health, it has also committed to increasing the budgets of programs centered on women’s health and AI education in the U.S.

Gates has also taken steps to shrink his real estate footprint. Property records show the billionaire has put up for sale a $4.8 million, four-bedroom home in Medina, Wash., that sits adjacent to his Xanadu 2.0 mansion on Lake Washington. Over three decades, Gates has developed the area around the property, which has an appraised value of approximately $132 million as of 2025.

Gates has also made a significant payment to his ex-wife, Melinda French Gates. In 2024 Gates gave nearly $8 billion as part of a previously reported agreement that he would give $12.5 billion following their announced split in May 2021. The donation was made to French Gates’ charitable organization, Pivotal Philanthropies Foundation, which she started in 2022.

Aside from his planned appearance at the AI summit, Gates has made few public appearances since the latest batch of files were released last month. One of his only public appearances came earlier this month in an interview with 9 News Australia, where he expressed regret over his relationship with Epstein: “Every minute I spent with him I regret, and I apologize that I did that.”

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
By Jake AngeloNews Fellow
See full bioRight Arrow Button Icon

Latest in Law

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Law

sb
LawWhite House
Scott Bessent on whether Trump is immune from IRS audits: ‘I’m unable to comment on ongoing litigation’
By Fatima Hussein and The Associated PressJune 4, 2026
7 hours ago
ns
PoliticsNCAA
Nick Saban to Congress: college sports is the biggest, baddest Ferrari’ going 150 mph toward the Grand Canyon. ‘Somebody needs to tap the brakes’
By Joey Cappelletti, Eddie Pells and The Associated PressJune 3, 2026
23 hours ago
Polymarket cuts ties with former Rep. George Santos as feds investigate if he illegally bet against his own actions on Kalshi
PoliticsPolymarket
Polymarket cuts ties with former Rep. George Santos as feds investigate if he illegally bet against his own actions on Kalshi
By The Associated Press, Catherina Gioino and Jake OffenhartzJune 3, 2026
23 hours ago
pox
North AmericaScience
Two government virologists smuggled Mpox vials into the U.S. It’s not clear why
By Ed White and The Associated PressJune 3, 2026
23 hours ago
rr
North Americamarriage
Support for same-sex marriage hits lowest point in years as GOP acceptance collapses, Gallup finds
By Geoff Mulvihill, Amelia Thomson-Deveaux and The Associated PressJune 3, 2026
24 hours ago
t
PoliticsTariffs
Tariff man rides again as Trump slaps 10% duties on key trading partners — except the ones who get 12.5%
By The Associated PressJune 3, 2026
24 hours ago

Most Popular

Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy
Cybersecurity
Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy
By Sasha RogelbergJune 3, 2026
1 day ago
CEO says anyone who works from home is grabbing groceries or at the vet 30% of the time—and shows off his busy office at Friday 5 p.m. to prove it
Success
CEO says anyone who works from home is grabbing groceries or at the vet 30% of the time—and shows off his busy office at Friday 5 p.m. to prove it
By Orianna Rosa RoyleJune 4, 2026
13 hours ago
Current price of oil as of June 3, 2026
Personal Finance
Current price of oil as of June 3, 2026
By Joseph HostetlerJune 3, 2026
1 day ago
A single new sentence in SpaceX's amended IPO filing could signal the biggest merger in history
Startups & Venture
A single new sentence in SpaceX's amended IPO filing could signal the biggest merger in history
By Shawn TullyJune 4, 2026
13 hours ago
Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
Environment
Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
By Marco Quiroz-GutierrezJune 1, 2026
3 days ago
Southwest exec says the free bag and assigned seating overhaul is already paying off
Travel & Leisure
Southwest exec says the free bag and assigned seating overhaul is already paying off
By Preston ForeJune 2, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.