Bill Gates and Warren Buffet have donated billions of dollars from their fortunes. Now they are trying to urge other such billionaires to donate atleast half their wealth to charities. It seems that last year in a secret meeting, some of the world’s leading philanthropists met to discuss this. According to gates, this 50 percent should be the lower bar for their generosity.
Warren Buffet is leading by example who apparently is donating almost 99 percent of his total wealth! That is really something. It’s another thing that even one percent of his total fortune is more than what most of us make in our lifetime, but such a gesture is nonetheless that very few would dare do. But Fortune magazine has listed some likeminded billionaires like Eli and Edy Broad, John and Ann Doerr, H.F. “Gerry” and Marguerite Lenfest and John and Tashia Morgridge, who have pledged atleast 50 percent of their net worth.
Bill and Melinda Gates plan to hold lots of dinners in the future where they will invite some of the richest people in the country and talk to them about what their money can do to help others. If the couple’s plan actually works, then it would translate into a lot of money being pumped into various causes. Only time will tell if this bears fruit or not.