The dinner that cost Billions....
Amazing story... Hats off to these guys...
As one would expect of an endeavour involving America's super, super-rich, it all started with a dinner – a secret one envisaged by Warren Buffett, organised by Bill and Melinda Gates, and hosted by David Rockefeller, patriarch of the famous dynasty, at the elegant and discreet President's House at Rockefeller University in New York on May 5 last year.
This week, the impressive fruits of that dinner were unveiled, as 40 billionaires – worth a combined $230 billion (£145 billion) – signed a "giving pledge" to donate at least 50 per cent of their wealth to good causes. It is a remarkable act of noblesse oblige, even in a country whose tradition of philanthropy is the strongest in the industrialised world.
Mr Buffett is an extremely successful investor and one of the world's richest men, as well as one of its biggest givers to charity. Having pledged to give away 99 per cent of his estimated $47 billion fortune, much of it to the Bill & Melinda Gates Foundation, the so-called Sage of Omaha had wanted to get together a small group of like-minded billionaires to encourage their peers to join the ranks of what he dubbed the "Great Givers". Mr Gates, who has taken on an almost messianic role in advancing philanthropy since relinquishing the reins of Microsoft, needed no persuading to get involved.
Full Story : http://www.telegraph.co.uk/news/worldnews/northamerica/usa/7929657/The-d...
exactly brit!! I like his below quotes
Money doesnt create man but it is the man who created money
Live ur life as simple as u r
dont do wat othrs say, just listen them, but do wat u feel gud
after all its ur life thn y giv chance to othrs to rule ur life
i wonder whats the catch? there should be something in it....
is one of these least assuming billionaires in the world.... his children all work hard for what they have and Warren himself doesn't flaunt his wealth... he lives in a very understated home in Omaha, Nebraska...
http://en.wikipedia.org/wiki/Warren_Buffett
A real role model.. Hope the youngsters today can learn from him...
Brit expat his children will still receive 0.47 billion. I doubt they will be poor or sad.
I wish if we could have a few like these in this part of world as well.
He ahas actually pledged to give 99% of his wealth to charity..
I wonder what his children think about this :O)
50 %!!!!
wow, I admire Buffet more and more each passing day.
but when such money is at stake ...a lot of stakeholders pop up ..the gov has their own intrest - everyone basically tries to cash in on such amounts...even wars can take place ..
That comes later, but at least they are making the effort and trying to put their wealth to good use...
i guess where will all that money go ..and who will benifit the most ...