Eight American Tech Titans Wont Leave Their Fortune to Their Kids, But it is very clear that our greedy Indian billionaires have been trying to do everything to exploit the poor to make their fortunes unbeatable for another thousand years and their ultimate desire is to leave their entire fortunes for their family. Let us hope that these great leaders are going to inspire our billionaires at least a bit! So just pass the message, if possible. 1) Microsoft cofounder Bill Gates Gates has been open about his decision not to leave his $78 billion fortune to his three children. They will reportedly inherit just a small slice, about $10 million. He founded the Bill & Melinda Gates Foundation in 1994, and it currently has more than $36 billion in assets. Gates also teamed up with longtime friend Warren Buffett to start a campaign called The Giving Pledge, which encourages other billionaires to donate at least half of their fortune to charity. 2) AOL cofounder Steve Case Steve Case helped millions of Americans get online, and now hes donating much of his wealth to developing other technologies. He founded the Case Foundation in 1997, which focuses on using technology to make philanthropy more effective. 3) Salesforce CEO Marc Benioff Benioff recently launched a campaign called SF Gives, which challenged tech companies to raise $10 million for San Francisco-based nonprofit programs in just 60 days. Hes encouraged other corporations to follow his 1/1/1 model, which says that a company should donate 1% of its equity, 1% of its employees time, and 1% of its resources to philanthropic efforts. He and wife Lynne have also personally given a total of $200 million to the childrens hospital at UCSF. 4) Qualcomm founder Irwin Jacobs Together with wife Joan, Jacobs has given away some $500 million of his fortune to charitable causes 5) eBay founder Pierre Omidyar EBay founder and Chairman Pierre Omidyar and his wife Pam are some of the most generous people in tech, having given away more than $1 billion of the vast fortune they made when eBay went public in 1998. In 2001, Pierre publicly stated that we intend to give away the vast majority of our wealth during our lifetime, the couple said in their pledge letter. Our view is fairly simple. We have more money than our family will ever need. There’s no need to hold onto it when it can be put to use today, to help solve some of the world’s most intractable problems. Theyve also donated eBay shares to the Omidyar Network, their philanthropic investment firm, and are the single biggest private donors in the fight against human trafficking. 6) Intel cofounder Gordon Moore Moore has given away more than $1 billion to charitable causes, donating about half of his wealth to create the Moore Foundation in 2001. The foundation, which focuses on issues of environmental conservation, health measures, and the foundation currently, has more than $5 billion in assets. 7) Tesla CEO Elon Musk Musk may have five young boys from his first marriage — one set of twins and one set of triplets — but hes already donated much of his fortune to renewable energy, science and engineering education, and pediatric health. He signed the Giving Pledge in 2012, committing to donate the majority of his wealth to charitable causes. He receives only $1 a year for his work with Tesla. 8) Google CEO Larry Page Page, on the other hand, has a somewhat unique idea for what he would like to happen to his wealth. In March, he told Charlie Rose that instead of giving his billions to his two children, he would rather give it to entrepreneurs like Elon Musk, who are coming up with big ideas to change the world. [Musk] wants to go to Mars. That’s a worthy goal, he said. We have a lot of employees at Google who’ve become pretty wealthy. You’re working because you want to change the world and make it better.
Posted on: Sun, 13 Jul 2014 07:59:19 +0000
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