Time magazine has named
Bill and Melinda Gates, and rock star
Bono, as its
'Persons
of the Year' citing their charitable work and activism aimed at reducing
global poverty and improving world health.
It has a $29bn endowment and has been giving away money faster than any other
charity in history.
The Foundation is credited with saving at least 700,000 people by investing
in vaccination programmes, and has donated computers and internet access to
11,000 libraries. It has also sponsored the biggest scholarship fund in history.
Jim Kelly, managing editor at Time, said: "Natural disasters are terrible
things, but there is a different kind of ongoing calamity in poverty, and nobody
is doing a better job in addressing it in different ways than Bill and Melinda
Gates and Bono."
Time also named former presidents Bill Clinton and George H. W. Bush as
'Partners of the Year' for their work on behalf of the victims of the
tsunami
and
hurricane
Katrina.
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