Bill Gates announced today that by 2035 there will be almost no poor countries left in the world.
Gates, the world’s richest man with a fortune of $78.5billion, used his annual letter from the Bill and Melinda Gates Foundation on Tuesday to criticize the belief that extreme poverty and disease are unsolvable, calling it a “harmful” opinion.
The Microsoft tycoon, 58, dispels the “three myths” which he claims hold back developing countries – that poverty is an endless cycle, foreign aid is a waste and saving lives leads to overpopulation.
He writes: “I am optimistic enough about this that I am willing to make a prediction. By 2035, there will be almost no poor countries left in the world. (I mean by our current definition of poor.)
“Almost all countries will be what we now call lower-middle income or richer.”
Gates said around 70% of countries will have a higher per-person income by 2035 than China does now. Nine out of ten countries will be above today’s average income levels in India in two decades time, the tech mogul also claims.