Saturday, August 14, 2010

Some Super Rich Vow to Help the Poorest of the Poor

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(L-R) Billionaires Warren Buffett and Bill Gates
Photo courtesy: www.news.com.au/

A recent exemplary decision by a number of American billionaires sounds the sweetest to the ears of the poor.

Microsoft founder Bill Gates (worth US $ 53 billion), investor and industrialist Warren Buffett ($47 billion), Media owner and New York Mayor Michael Bloomberg ($18 billion), CNN founder Ted Turner ($1.8 billion) and 40 other US billionaires pledged to donate half of their fortunes to the cause of the poor, reports the National Post. Their causes vary from art to HIV programmes to brain research.

Bill Gates and Warren Buffet recently gave the "Giving Pledge" challenge to about 80 American billionaires listed in the Forbes list. Forty of them made a pledge for causes of the poor.

This is a good effort in bringing billionaires into a common fold of givers for the cause of the poor.


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