As of September 2010 there are 40 US Billionaire’s who have pledged to give away at least 50% of their wealth to charity through a campaign started by investor Warren Buffet and Microsoft founder Bill Gates. The campaign is known as “The Giving Pledge”. The list includes the likes of NY Mayor Michael Bloomberg, CNN Founder Ted Turner, and Film Producer George Lucas. The intention is for “wealthy families to have conversations about their wealth and how it will be used”. According to Forbes, there are about 408 billionaires living in the United States.
In all likelihood, there are no billionaires encountering this message. However, what I found interesting is that each of these families or individuals are finding far greater benefit to giving away wealth than keeping it. They gave their money to numerous causes such as health care, medicine, science, music, education, business, technology and…
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