Thirty-eight US billionaires
have pledged at least 50% of
their wealth to charity
through a campaign started
by investor Warren Buffet
and Microsoft founder Bill
Gates.
They include Mayor Michael
Bloomberg, CNN founder Ted
Turner and entertainment
executive Barry Diller.
"The Giving Pledge" lists all
the families and individuals who
have committed to the project.
The site says the pledge is a
"moral commitment" not a "legal
contract".
The campaign was started in
June to convince US billionaires
to give away at least half of
their fortunes either during
their lifetimes or after their
deaths.
Those who pledge their money
to "philanthropic causes and
charitable organisations" must
publicly state their intention
through a letter of explanation.
The organisation says many of
the donors have committed to
sums far greater than the 50%
minimum level.
"While the Giving Pledge is
specifically focused on billionaires,
the idea takes its inspiration
from efforts in the past and at
present that encourage and
recognize givers of all financial
means and backgrounds," says
Givingpledge.org.
Mr Buffet pledged 99% of his
money in 2006 to the Bill &
Melinda Gates Foundation and
family charities.
Bill and Melinda Gates have also
given away more than $28bn
(£17.6bn) to their own
foundation.
US billionaires
pledge 50% of their
wealth to charity
Microsoft founder Bill Gates
started the campaign along with
investor Warren Buffet

Nigerian Billionaires Pledge Love and Moral Support to Charity.

Mobinga:

Nigerian Billionaires Pledge Love and Moral Support to Charity.

If even, Nigerian billionaires donate funds into their accounts from charity is more like it.

practically impossible for most nigerian billionaires to give back, since most of em have their fortunes based on patronage rather than actual business acumen - they do their giving back to their patrons/mentors - society can go to hell

When I read what Warren Buffet, and Bill Gates did, the Nigerian in me asked God why he would give all that to people who only end up giving it all away . . . ROFLMAO!!

odiaero:

that is nice of them, by the time i becomes the world richest, i [size=15pt]hope[/size] i will be able to do thesame

Change we can believe in? Or you'll just keep the change?

I think there is a such thing as too much money.

These people have more than enough money to give away and still make sure there family and the next generations are taken care for life.

ezeagu:

Change we can believe in? Or you'll just keep the change?

yh. . .d more blood,d more money.use 'em as baits 2 make more wealth

odiaero:

that is nice of them, by the time i becomes the world richest, i hope i will be able to do thesame

typical nigeria man always HOPING even in the midst of abundance.i believe there are nigeria money-robber politicians who can compete with these men but they would rather keep the money in foreign banks at the expense of the poor.very wrong people. . .

hmmm

Mobinga:

Nigerian Billionaires Pledge Love and Moral Support to Charity.

ROTFLMAO  Nah, Love and Moral support was never theirs to give away. Maybe "corruption and greed"