Tuesday, November 26, 2013
Warren Buffet, Bill and Melinda Gates, and the Giving Pledge
My students know that I have followed Warren Buffet since I was little and that I am fascinated by his life story. I even own stock in his company Berkshire Hathaway! But a few years back, when Buffet and Mr. and Mrs. Gates announced the Giving Pledge, my admiration and appreciation for Buffet and Gates took another step up. Their plan? Their goal? To get the billionaires in the world to pledge half of their worth to charity. To show the Billionaires how easy this could be, Bill and Melinda Gates pledged 95% of their new worth and Buffet pledged 99%. Sure, these are rich people and even keeping just 1-5% of their money would still keep them in the multi-millionaire range, possibly still near a Billionaire, but that is still amazing to part with so much money. A recent episode of "60 minutes" highlighted their ongoing project. Take a look at this 12-minute video over the Holiday weekend and remember that there are some rich people out there trying to do the right thing as well.
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