40 billionaires pledge to give away half of wealth



i skimmed it over, but dont see where the money is going? where is it going to be used?
 
Buffett has promised to donate more than 99 percent of his wealth.

wow..

Barry Diller is on the list too, maybe he's feeling bad that he's slowing the world's computers down with zwinky.
 
Interesting. It looks like Bill Gates and Paul Allen couldn't convince Steve Ballmer to join them.

None of the Walton family Walmart billionaires are on the list.
 
This is a nice gesture but a fat stack of paper only goes so far even if it is 600 billion dollars.

Imagine the kind of change these business greats would make if they pooled their knowledge and talents to create a chain of self sufficient schools, for example (this has already been done at least once that I know of). For something like this the return is infinite.

I don't know, not trying to belittle the gesture at all. But IMO what nonprofit charities need isn't more money, it's innovation, framework for solid self sufficiency, and business accumen.
 
This is a nice gesture but a fat stack of paper only goes so far even if it is 600 billion dollars.

Imagine the kind of change these business greats would make if they pooled their knowledge and talents to create a chain of self sufficient schools, for example (this has already been done at least once that I know of). For something like this the return is infinite.

I don't know, not trying to belittle the gesture at all. But IMO what nonprofit charities need isn't more money, it's innovation, framework for solid self sufficiency, and business accumen.

As much as I don't like Microsoft, Gates charitable work is incredibe This TED talk of Bill Gates is pretty good. It's especially about improving education (he's talking about the US here but I'm sure he'll do his best to use the money most efficiently). Bill Gates on mosquitos, malaria and education | Video on TED.com
 
Hello friends,

Why Jonathon Volk no on list?

Good luck bros

oh_snap.jpg
 
Hopefully they are not giving it to the Gov cause they will just blow it on dumb ass shit

Tell me about it. They'd blow it all in a month by giving it to the military. Seriously....you know things are majorly fucked up when several dozen of the richest people's money COMBINED isn't even enough to pay for a month of spending of the US military.
 
Tell me about it. They'd blow it all in a month by giving it to the military. Seriously....you know things are majorly fucked up when several dozen of the richest people's money COMBINED isn't even enough to pay for a month of spending of the US military.


paying for the security of all those other nations isn't cheap.

(not saying its effective either).
 
What's up with the feel-good poll at the bottom of that article? haha

If you were a billionaire would you donate half your money to charity?
83% said YES. 17% said NO.

I'd like those 83% to put their money where their mouth is. It's easy to say you would, but it's highly doubtful many of them actually would. You don't have to be a billionaire to donate half your money to charity. Give most average people a substantial amount of cash and they wouldn't be donating it to charity.

Anyway, good read. :)