Billionaires Pledge to Give Up Half Their Money to Charity

Thursday, August 05, 2010

More than 30 billionaires have agreed to donate at least half their fortunes to charity; the list was made public yesterday. The Giving Pledge Campaign is the brainchild of Microsoft founder Bill Gates and investor Warren Buffet. It now has pledges from New York Mayor Michael Bloomberg, media mogul Ted Turner, filmmaker George Lucas, and dozens more. Forbes Magazine is estimating at least $150 billion could be donated. Wall Street and finance reporter for The New York Times, Louise Story, has the details of this new venture by some of the country's richest people.


Louise Story

Produced by:

David J Fazekas

Comments [1]

cara simpson from Southbridge Ma

Dear John
Ralph Nader spoke at my sons high school in March. At that time I picked up a "fictional book Mr Nader wrote
"Only the super Rich Can Save us." I have not finished the book yet but the premise is Warren Buffet calling together the richest people to save the world. Do you think Warren Buffet read this and thought this a good idea? Go Ralph Nader!

Aug. 05 2010 06:40 AM

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