Don't miss

Replay


LATEST SHOWS

ACROSS AFRICA

France finally grants Senegalese vets citizenship

Read more

THE OBSERVERS

Pollution threatens island paradise of Mauritius, and one Cameroonian expat's quest to bring safe drinking water to his country

Read more

THE INTERVIEW

Publicis boss encourages firms to move staff to Paris post-Brexit

Read more

THE INTERVIEW

'Fake news has had almost no impact on Wikipedia'

Read more

FOCUS

Iraq: Embedded with French special forces in Mosul

Read more

ENCORE!

Dominique Dalcan: Godfather of French 90s pop returns to his roots

Read more

YOU ARE HERE

Ringing the bells of northern France

Read more

IN THE PAPERS

'Trump Administration Starts with Big Lie Over Small Thing'

Read more

BUSINESS DAILY

Samsung blames batteries for Galaxy Note 7 explosions

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)