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Gates, Bloomberg step up earlier plans, now will spend $500 million on a worldwide effort. Microsoft founder Bill Gates holds a booklet on tobacco related issues during a press conference in New York, Wednesday, July 23, 2008. Gates and New York Mayor Michael Bloomberg are pooling their piles of money to pour $375 million into a global effort to cut smoking. The billionaire philanthropists, who have a combined worth of more than $70 billion, said Wednesday that the money will help efforts in developing countries where tobacco use is highest. There are more than 1 billion smokers worldwide. (AP Photo/Bebeto Matthews) NEW YORK -- Bill Gates and New York Mayor Michael Bloomberg announced Wednesday that they will spend $500 million to stop people around the world from smoking. The World Health Organization estimates that tobacco... [read full story]

