Millionaires donating 50% of their fortunes with 'The Giving Pledge'
The successful founder of Spanx (an Atlanta-based lingerie firm) wants half of her money to go to help the poorest people. That's why she's made 'The Giving Pledge'.
What is this 'pledge,' and who else has promised big donations? Read on and get ready for some surprises.
Bill Gates belongs to the richest 1% of the planet, but he firmly believes that his money, like that of other millionaires, should be redistributed. That's why he has promoted The Giving Pledge initiative. It proposes that the super-rich donate 50% of their fortune to charity.
Tesla's ideologist not only wants to conquer space with his company SpaceX, but he also claims to help planet Earth by sending half of his fortune to charitable pursuits.
CNN's founder, who combines his entrepreneurism with progressive ideas, also joined The Giving Pledge. The donation of 50% of his fortune can be made during his lifetime or posthumously.
Together with Bill Gates and Ted Turner, Warren Buffet has been promoting The Giving Pledge. He has an estimated fortune of around $80 billion (according to Business Insider), and he will donate 50% of it. More than once, Warren Buffet has asked the U.S. government to raise taxes on his fortune. "I pay less than my secretary," he reportedly said. He is also the author of a phrase with Marxist undertones: "The class struggle still exists and we are winning it, the rich."
Mark Zuckerberg and Priscilla Chan, whose immense fortune comes from Facebook and related enterprises, will also contribute money to the collective well-being. They have made The Giving Pledge.
Another name on the list is Brian Chesky, a millionaire whose fortune was on the rise until COVID-19 damaged the Airbnb industry. Still, he promised to give half of it away.
Another millionaire who enlisted in this charitable cause is Larry Ellison. His company Oracle made him an estimated $50 billion in wealth, according to GQ magazine.
The former mayor of New York, affiliated to both the Democratic and Republican parties, has also pledged to donate half his fortune to charitable causes.
Communications magnate Barry Diller (married to designer Diane Von Furstenberg) is another supporter of The Giving Pledge. The veteran professional who managed Fox and Paramount is often credited with inventing the TV movie format.
Richard Branson is another billionaire trying to set uo commercial space travel. However, he and his wife Joan Branson are also willing to share their net worth of more than 5 billion with those who really need it. The money comes from the Virgin airline and other companies.
The three people with millions in this picture are all on The Giving Pledge list: investor Roger Perelman, producer George Lucas and Mellody Hobson, a successful businesswoman.
A big nickel producer, Potanin is one of the most influential oligarchs in Russia. He is also invested in philanthropy and therefore made The Pledge.
Want to know more about The Giving Pledge? It does not raise money from the general public but instead asks for a public commitment to donate to charity. The list of generous millionaires continues to grow. You can see more names at https://givingpledge.org/