Zuckerberg, 15 Other Tycoons Vow to Give Away Fortunes
Facebook founders join Gates, Buffett's 'Giving Pledge'
By Rob Quinn, Newser Staff
Posted Dec 9, 2010 3:05 AM CST
Updated Dec 9, 2010 6:00 AM CST
Facebook CEO Mark Zuckerberg smiles during an announcement in San Francisco last month.   (AP Photo/Paul Sakuma)

(Newser) – Facebook founders Mark Zuckerberg and Dustin Moskovitz, the youngest billionaires in America, have become the youngest billionaires in history to pledge to give away most of their money. The pair are among 16 billionaires who have recently signed the "Giving Pledge" organized by Bill Gates and Warren Buffett, the Wall Street Journal reports. A total of 57 billionaires have now signed the pledge to give away the majority of their fortunes to good causes.

Other new signers include AOL co-founder Steve Case, financier Carl Icahn, and Michael Milken, the former junk-bond king who went to jail for securities fraud. "I view this as a call to others who might in their 30s or 40s use some of their creativity to get involved in philanthropy earlier in life," Milken said. Investor and new pledge member Nicolas Berggruen, 48, says he decided to sign up so he could see his wealth put to good use while he's still alive.

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Comments
Showing 3 of 15 comments
ballen1133
Dec 9, 2010 3:38 PM CST
And the billions goes to? If the billionaires actually do what they say they are going to do. Will any of it stay in America? Go to the homeless, help single mothers get a sustainable education? Help senior citizens stay warm? Build a library? Doubt it. It will go to artists and others who really don't need help. Or into a pit in another country where despots will use the money to arm their military or build a palace?
sonarman73
Dec 9, 2010 7:37 AM CST
Enough with rich people "pledging" to do stuff! Seriously... this means absolutely nothing. Toot your horn AFTER you have given all your bazillions away. I pledge to give all my money to charities, too! See what a great philanthropist I am? (The check's in the mail).
mockingbird
Dec 9, 2010 7:18 AM CST
You all are right. They should start eating their money. It'd do so much more good that way than it would actually going out in the world and helping people. Waiiiit a second, isn't this one of the reasons that conservatives give for not taxing the rich? So that they may give more away to philanthropic causes? (See: Individual Charity rather than Governmental Intervention) You all are so fun. Except CJ. He's just a crazy satanist and not worth responding to :)