More American Billionaires Pledging Away Their Wealth to The Giving Pledge

Founders of The Giving Pledge - In a landmark moment for philanthropy, Bill Gates and Warren Buffet are advocating that all billionaires commit to giving at least half of their wealth to charitable groups within their lifetimes or after their deaths.
@Ritchelle (3795)
Philippines
December 10, 2010 3:16am CST
America is said to be home to 400 billionaires. That's the most number of billionaires living in one country. As only the truly rich can, having experienced the limited joys of what too much money can bring, another 17 batch of billionaire Americans, this time including Facebook's Mark Zuckerberg and Dustin Moskovitz, have sworn at least half of their fortunes in The Giving Pledge. The Giving Pledge was started by Bill Gates and investor Warren Buffet in June. Gates, his wife Melinda and Buffet have asked American billionaires if they could give at least half of their wealth to charities during their lifetime or after their death coupled with a letter publicly stating their intenion and the reason for their decision. AOL co-founder Steve Case, financier Carl Icahn and, former Wall Street executive who went to prison in 1990s for securities violations, Michael Milken recently joined The Giving Pledge. Buffet pledged 99% of his wealth while the Gates have already donated $28 billion to their Bill & Melinda Gates Foundation. The billionaires and their letters of intent is at www.thegivingpledge.org.
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