"I have no use for money": Bill Gates plans to use his billions to eradicate polio

Billionaire Microsoft co-founder Bill Gates, worth an estimated $65 billion, is in the process of using all of that money in hopes of extending the lives of others.

His next plan of action: eradicating poliomyelitis, a viral disease that has taken a countless number of lives.

At 57, Gates, a college dropout, says he wants to do more for others and sees this as one way of giving back to the world that made him so successful.

Gates will deliver the BBC’s Dimbleby Lecture later this month, using the value of young human beings as his central theme.

In that speech he will talk about every child having the right to a healthy and productive life. He will also explain how technology and innovation can help the world reach that goal.

So far Gates and his wife Melinda, 48, have given away $28 billion of their fortune through their charitable foundation, with more than $8 billion of it to improving global health.

For Gates, getting rid of polio is emblematic in that effort.

The eradication of the disease that affects the nerves and can lead to partial or full paralysis will inspire countries to take greater efforts to lower child death rates, he believes.

The Bill and Melinda Gates Foundation will spend another $1.8 billion in the next six years to accomplish the couple's goal.