Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Tens of thousands bid farewell to Morgan Tsvangirai

Read more

MEDIAWATCH

Afrin: 'a war without images'

Read more

THE DEBATE

Syria on the Brink: Can Assad help the Kurds against Turkish forces?

Read more

FOCUS

Inside the murky business of cobalt mining in DR Congo

Read more

ENCORE!

100% Pure Parisian: Comedian Julie Collas helps locals laugh at themselves

Read more

BUSINESS DAILY

Chinese textile wholesalers open Marseille site

Read more

IN THE PRESS

Meet Annegret Kramp-Karrenbauer: Angela Merkel's 'mini-me'

Read more

IN THE PRESS

Major French student union rocked by sexual assault claims

Read more

THE INTERVIEW

Photographer Pete Souza shares his ‘portrait’ of Obama

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)