Gates, Buffett and 38 other billionaires to give away money

A total of forty billionaires now, including Bill Gates and Warren Buffett agreed to give away at least half their fortunes to charity.

The Giving Pledge made the announcement on Wednesday with an effort officially launched by Gates and Buffett earlier this year to persuade the richest people in America to commit to giving the majority of their wealth to the philanthropic causes and charitable organizations of their choice, either during their lifetime or after their death.

Buffett and Gates , who according to Forbes are America’s two wealthiest individuals, with a combined net worth of $90 billion, are joined by 38 other billionaires who are also taking the give-it-away pledge. They include New York Mayor Michael Bloomberg, entertainment executive Barry Diller, Oracle co-founder Larry Ellison, energy tycoon T. Boone Pickens, media mogul Ted Turner, David Rockefeller, film director George Lucas and investor Ronald Perelman.

Read more here.

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