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Buffett’s pledge goes global

By Judy Martel · Bankrate.com
Monday, February 25, 2013
Posted: 6 am ET

Where billionaire investor Warren Buffett goes, a lot of people follow. When he spearheaded the Giving Pledge, asking the super-rich to donate at least 50 percent of their fortune to charity, he got an immediate response from American billionaires. Now, high-net-worth individuals in places including South Africa, Australia and Europe, are joining in.

CNBC reports that a dozen billionaires, including Great Britain's Richard Branson, founder of the Virgin Group; South African Patrice Motsepe, heir to a mining operation; and German software magnate Hasso Plattner, are committing to the pledge.

The Giving Pledge was founded by Buffett and Microsoft founder Bill Gates in 2010 with the purpose of encouraging the wealthiest individuals to give back to society.

Although the publicity surrounding the Giving Pledge has deterred some potential billionaires in other countries who prefer to remain anonymous with their philanthropy, the elite group has done more to galvanize people around the idea of leaving a significant chunk to charity. In an interview with the Financial Times, Gates noted that "a lot were going to do it anyway but the pledge creates more of a movement, makes people do it earlier, collaborate and do it smarter."

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January 03, 2014 at 11:54 am


Julie Trenton
February 27, 2013 at 11:48 pm

We should all thank Warren Buffett and the other people he has recruited for their generosity. Mr. Buffett is a person that I believe is one of the greatest men ever to walk the earth. Thank you so much.

Pamela Boyes
February 27, 2013 at 6:58 pm

We sure could use help.We are low income according to the IRS.We are indebt due to all of my medical bills.I am handicapped.We have poor insurance and they don't cover a lot.We have a 15 year old Ford exsployer which my husband took his retirement fund to pay for work to be done on it.Then half of our in come tax refund.My husband is in remission for colon cancer stage 3that he had a year ago.We pray and believe in the Lord and we walk by faith.We would gladly accept any help.I need both of my knees replaced.Have other problems medicaly.State of Ohio has declared me legaly disable.But can not get SSI.IRS says we are low income but SSI said we make too much money.??? We take one day at a time.But a blessing like this would se help us.Thank you.

February 26, 2013 at 10:40 am

I been indebt for 30 years. I tried to push my way out, but it was not so. I'm losing everthings. So, I will wait on the LORD for help. I've been used up. My life is from good to bad. People do good things, but if you don't wait on him, bad things happen. Have FAITH in him, not people.

Luis F. Guerra
February 26, 2013 at 10:15 am

This is the greeted thing happens. The Lord will give you the
Good place in heaven. Love it! thanks fr helping the neddy.
I am also suffering because of no declare war. My son is Quadraplegic and we have to take care of him becouse VA don't want to give him the compensation that he deserved. We are 79 and 78 years and cant have a retirement because we have to keep
Helping him. Hopping you can do somethig for us.

Mary Ann Sanko
February 26, 2013 at 9:58 am

My family and I reside in N.E.PA. and the unemployment rate here is sky high. The only jobs, are those paying minimum wadge.Family's like myself are way below poverty guidelines. And will remain there unless a miracle happens. Its easy to lose yourself worth because in the back of your mind, you know there is no way out. Inspite of your best efforts for your family. you keep struggling to get ahead but you cannot. Try getting decent rentals, or a car financed. The American Dream becomes a nightmere very fast. Good ambitious people are out there every day trying to survive daily in this world. What do we have to offer our children? How can we help them fulfill there dream in life?

February 26, 2013 at 8:10 am

can i get a credit report clean up to start my new life now that would be nice