As Gates’ Epstein connection unnerves staff, his foundation looks for a way forward
Microsoft co-founder Bill Gates pulled out of the AI summit in New Delhi on Thursday, just hours before the billionaire was meant to address the event with a keynote speech.
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 didn’t 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’s abrupt decision follows renewed scrutiny of his connection to Jeffrey Epstein. The U.S. Department of Justice released emails last month featuring Bill Gates’s name in the Epstein files, sparking new questions about Gates’s 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’s philanthropic goals. The files have inspired some of those associated with Gates to clarify the extent of his relationship with the late financier and convicted sex offender.
Gates’s 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 Financial Times. The comment came after staff had raised concerns about the potential damage Gates’s association with Epstein, particularly in their conversations surrounding the philanthropic organization, could have on the organization.
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 organization 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 several programs, including 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 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, Bill 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 Melinda’s 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 about his relationship with Epstein. “Every minute I spent with him, I regret, and I apologize that I did that.”
This story was originally featured on Fortune.com