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Gates, Buffett to Super Rich: Give Half of It Away

Details of the secret billionaires meeting revealed

By Kevin Spak,  Newser Staff

Posted Jun 16, 2010 12:13 PM CDT

(Newser) – Remember that super-secret meeting of the world’s richest people? Well, the contents of that meeting have finally been revealed, in a new Fortune article that pulls back the curtain on probably the biggest charity drive of all time. The meeting was the brainchild of Bill Gates and Warren Buffett, and it kicked off their drive to convince the world’s billionaires, starting with the Forbes 400, to pledge at least half their net worth to philanthropic causes, either during their lifetimes or at death.

Since that meeting, Gates and Buffett have held several more dinner parties around the world, pitching their idea to fellow deep-pocketed philanthropists. Gates says he actually considers the 50% a “low bar” to get the super-rich started, hopefully spurring even greater gifts—Buffett’s pledging 99%. “This is about moving to a different realm,” says Gates. The pledges will be recorded on givingpledge.org. They already have a handful of givers signed up, and intend to send a barrage of emails to likely candidates to coincide with the Fortune article.

Bill Gates, left, and Warren Buffett share a light moment during the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., Sunday, May 6, 2007.
Bill Gates, left, and Warren Buffett share a light moment during the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., Sunday, May 6, 2007.   (AP Photo/Nati Harnik)
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COMMENTS
Showing 3 of 54 comments
sirgil
Jun 17, 2010 5:23 PM CDT
Warren has seen the light!! Praise be to all HOLY Spirits and we all know of Bill's philanthropy.
Now if they can convince the less holy of being memorialized in doing the same, the planet and its people may have some HOPE
uninterested
Jun 17, 2010 2:02 PM CDT
... give to private charities ... NOT to the government. They have proven over and over again they don't know what they are doing as the biggest waste & fraud imaginable is associated with the government.
Reader68389796
Jun 17, 2010 1:54 AM CDT
Oh, I agree 100%. Please give some to http://www.wsangelfoundation.o.... These women make America happy every 4 years please help us. Make a kind donation to the site. Please email us at editorbwis@yahoo.com. Please, please.
 

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