Couple of months ago we posted an article on "Super Friends." A group of multi-billionaires that have vowed to pledge 50% or more of their wealth to charity. At the time of the article it was still just an idea in the minds of Bill Gates and Warren Buffett, but now that idea has steam rolled and garnered the pledges of 40 wealthy families.
"The United States has roughly 400 billionaires — about 40 percent of the world's total — with a combined net worth of $1.2 trillion, according to Forbes. If they all took the pledge, that would amount to at least $600 billion for charity."
Mr. Buffett and Mr. Gates has contacted around 80 wealthy families and managed to gain the pledges of 40. Some where unable to be reached, but they will not give up on them.
"Every saint has a past, every sinner has a future. We’ll keep on working."
The pledges that are made are in no way a contract, but instead, it is a moral pledge. No billionaires are bound to it legally. The money pledged will not be pool towards any one charity, but a charity of that billionaire's choosing, divvied up in any way they want.
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