Saturday, June 19, 2010

Gates, Buffett plan to raise $600B from mega-donors, including themselves

Gates and Buffett announced this new initiative, called the Giving
Pledge, which calls on everyone on the Forbes 400 American rich list to
pledge half their net worth -- either now or at their death. The hope
is that if everyone on the list agrees, the plan could raise US$600
Buffett has already written his pledge, which is published on the
Giving Pledge website --though he's going beyond the 50 per cent
target, aiming to give away 99 per cent of his $50 billion fortune.
clipped from
Bill Gates and Warren Buffett's call this week asking the world's billionaires to give away half their fortunes has been met by a touch of skepticism by some who wonder if the motivation is one of true charity.
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