Gates, Buffett's Giving Pledge Attracts More US Billionaires

    Mark Zuckerberg, one of the founders of Facebook. Zuckerberg is among the latest batch of billionaires who have responded to Bill Gates and Warren Buffett's challenge to donate their wealth to charity. Photo by: Andrew Feinberg / CC BY Andrew FeinbergCC BY

    Seventeen more U.S. billionaires have responded to Bill Gates and Warren Buffett’s challenge to donate at least half of their wealth to charity.

    This latest batch of billionaires include Mark Zuckerberg and Dustin Moskovitz, co-founders of the popular social networking site Facebook.

    “People wait until late in their career to give back. But why wait when there is so much to be done?” Zuckerberg said according to the Guardian. “With a generation of younger folks who have thrived on the success of their companies, there is a big opportunity for many of us to give back earlier in our lifetime and see the impact of our philanthropic efforts.”

    Also among the 17 are AOL co-founder Steve Case, former Wall Street executive Michael Milken, financier Carl Icahn, private investor Ted Forstmann and businessman Nicolas Berggruen.

    Gates and Buffett launched the Giving Pledge initiative in June 2010 as a challenge to the U.S.’s top 400 billionaires to give away part of their wealth to philanthropic causes during their lifetime or after death. The challenge includes issuing a public announcement of their intention and a letter detailing their intention, the Guardian notes.

    As previously reported, the two billionaire philanthropists have also taken the challenge to China.

    >> Gates, Buffett ‘Amazed’ by China’s Interest in Philanthropy

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.