Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

Building walls: French protesters block access to hotel migrant shelter

Read more

BUSINESS DAILY

Google parent's profits hit by EU fine

Read more

MEDIAWATCH

Phelps flops in man v shark challenge

Read more

THE DEBATE

Jerusalem Crisis: Who will play the peacemaker?

Read more

FOCUS

How Senegal is leading the fight against AIDS in West Africa

Read more

EUROPE NOW

A year of crucial elections in Europe

Read more

ENCORE!

Music show: Blues legend Lucky Peterson & Lollapalooza Paris

Read more

EUROPE NOW

One year after Brexit, where is the EU headed?

Read more

BUSINESS DAILY

Oil-producing nations meet as cracks emerge in production deal

Read more

Americas

Billionaires to give over half of their fortunes to charity

Text by News Wires

Latest update : 2010-08-05

Forty of America's richest people pledged on Wednesday to donate over half of their fortunes to charity as part of the "The Giving Pledge" campaign organised by Microsoft co-founder Bill Gates and legendary investor Warren Buffet.

AFP - Forty of America's billionaires and their families pledged Wednesday to give more than half of their fortune to charity in a drive organized by Bill Gates and Warren Buffett.

The group includes CNN founder Ted Turner, New York Mayor Michael Bloomberg, Oracle co-founder Larry Ellison and Hollywood director George Lucas, as well as Microsoft mogul Gates and investment guru Buffett.

The idea, which was announced just six weeks ago as "The Giving Pledge," is to convince billionaires across the country to give up most of their money -- 50 percent or more -- to charity.

"The pledge is a moral commitment to give, not a legal contract," a statement released Wednesday said by givingpledge.org, a drive spearheaded by Buffett and Gates.

"We've really just started, but already we've had a terrific response," Buffett, the chief executive of the investment firm Berkshire Hathaway, said.

"At its core, the Giving Pledge is about asking wealthy families to have important conversations about their wealth and how it will be used."
 

Date created : 2010-08-04

  • HAITI EARTHQUAKE

    Stars come out to help quake victims with telethon fundraiser

    Read more

  • HAITI EARTHQUAKE

    US stars line up for 'biggest' TV fundraiser in history to help quake victims

    Read more

  • FRANCE

    Aids charity boss hits out at 'parasitic' Telethon

    Read more

COMMENT(S)