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Bill Gates convinces 40 billionaires to give half their money

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MAPLE_SYRUP
Posts: 1910 - Karma: 68

It looks like Bill Gates is lookin to get some sort of peace prize of nobility.

and sorry i lied, it's only 38 other billionaires

http://gizmodo.com/5604368/bill-gates-convinces-40-billionaires-to-give-away-half-their-fortunes

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Aug 4 2010 11:15PM
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yuck
Posts: 8384 - Karma: 2,090
it never even says if he's gonna do it.


but anyways when you have that much money, theres not really much else you need so all the extra shit you have you may as well give away if you have everything you could possibly want.
Aug 4 2010 11:17PM
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panojibber
Posts: 3382 - Karma: 216
That is absolutely incredible. Gates has always done charity work, but if this goes through it will be HUGE. Thats a lot of cash, hopefully it helps some people out.
Aug 4 2010 11:19PM
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apcaipse
Posts: 2168 - Karma: 25
Absolutely amazing.
Aug 4 2010 11:22PM
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IanAvery-Leaf
Posts: 9932 - Karma: 9,411
they will earn it all back, which is why they are doing it
still its very very generous

Click for larger image
Aug 4 2010 11:23PM
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.jesus.
Posts: 2288 - Karma: 22
so cool almost thought this would be found to be shenanigans
Aug 4 2010 11:27PM
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inb4_UMAD
Posts: 651 - Karma: 29
i'm not gonna lie, that;s pretty coo
Aug 4 2010 11:34PM
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Allegrath.
Posts: 250 - Karma: 30
then they proceeded to work for an hour and now have twice as much. /the end.
Aug 4 2010 11:36PM
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Avifarer
Posts: 5926 - Karma: 598
I was reading about this somewhere and they were saying some of them were giving half away so their kids can feel like their accomplished something. Like they werent given the easy road.
Even if someone is just a billionaire, i think 500 mil would take you a long way.
Aug 4 2010 11:36PM
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OlliePop
Posts: 160 - Karma: 10
i bet you bill gates convinced all those billionaires to give there money and he kept his.

that would be thugging
Aug 4 2010 11:38PM
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messplay
Posts: 4483 - Karma: 1,066
haha that comment

"shhh bill gates is batman"
Aug 4 2010 11:38PM
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BC.
Posts: 1551 - Karma: 86
this could help ease a lot of suffering felt throughout the whole world. seeing this kind of thing in the media gives me a good feeling deep down, a lot different than the normal "if it bleeds it leads" sort of media attention. good job bill.
Aug 5 2010 12:26AM
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VCharette
Posts: 4276 - Karma: 1,047
I can't open the link but was Gucci Mane one of the 38?
Aug 5 2010 12:31AM
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salty
Posts: 326 - Karma: 13
this.
Aug 5 2010 12:38AM
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OlliePop
Posts: 160 - Karma: 10
GUCCI IS NOT A BILLIONARE
Aug 5 2010 12:40AM
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fujarome
Posts: 8630 - Karma: 1,561
bill gates has said before that he wants to make sure his family will always live comfortably, but outside of that probably huge sum, he has no need for it. He already gives tons away, so im sure he'd be willing to give away some more.
Aug 5 2010 12:41AM
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ECfreeski3
Posts: 12019 - Karma: 126
yeah, he (and melinda) and warren buffett have given away shit tons.
Aug 5 2010 12:44AM
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Mr.Panda
Posts: 17711 - Karma: 564
His version of "half my money" is enough for me to go to school for the next like 10 years, get my parents a 2-3 bedroom 2 bath house in Whistler, a Corvette, Ford GT, and a Nissan GTR R35 and still have some left over though isn't it?
Aug 5 2010 12:44AM
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cbeebzthasteeze
Posts: 1862 - Karma: 85
You could buy a 2-3 bedroom 2 bath house ON Whistler and still have money left over. He's at over $40B last I knew of.
Aug 5 2010 12:51AM
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2_fadez
Posts: 7780 - Karma: 4,183
Bill Gates has already set his will so that all of his fortune goes to charity. Thats why he is such an example for giving to charity.

His kids only get $10,000 a piece I believe.
Aug 5 2010 12:54AM
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Avifarer
Posts: 5926 - Karma: 598
Imagine how pissed you would be..you're dad has 53 billion and he gives it all away.
The least he could do would be give 1 bil to each of his kids so its a nice number.
Aug 5 2010 1:02AM
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TheButterHashira
Posts: 9691 - Karma: 1,702
Both Gucci Mane and WackaFlocka have vowed to donate half of their billions to the Birmingham trap and hustle academy.
Aug 5 2010 1:04AM
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ECfreeski3
Posts: 12019 - Karma: 126
im not calling you a liar but $10,000? im sure it's more than that..
Aug 5 2010 1:05AM
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WikiWiki
Posts: 5584 - Karma: 426
with 20b you could buy 200 of the worlds mst expensive houses
shit you could buy intrawest(company that owns Whistler) 5 times over
Aug 5 2010 1:05AM
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fujarome
Posts: 8630 - Karma: 1,561
source i found was ten million each.

and most likely guaranteed executive positions at microsoft to build on that
Aug 5 2010 1:11AM
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ECfreeski3
Posts: 12019 - Karma: 126
haha yeah that sounds a little more reasonable
Aug 5 2010 1:12AM
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Schlop
Posts: 3640 - Karma: 24
I would set it up so my kids get an annual allowance, so they don't blow 1 bil quickly. I'd also teach them how to invest, and spend wisely, and have budgets on certain things, so they don't go out and buy 12 fucking cars and a years supply of coke
Aug 5 2010 1:24AM
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james44
Posts: 3323 - Karma: 578
if my dad was bill gates and i didnt get at least one billion after he died i would be sad, its like 2.5% of his fortune only (assuming 40 billion total)
Aug 5 2010 10:11AM
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feihlination
Posts: 8356 - Karma: 1,084
i heard a while ago a number, it was a rough estimation of how much $ would be needed to effectively end world starvation (or however this thing is called in english).

the statement was made by some UN, WHO or whatever guy, and what i remember (dont know the exact figure), it was way under 50 billion $. seems a lot, but if you think how much money the US spend for military, its not a lot.

so hopefully, gates' project can help there and on other issues (if you think how much money COULD be collected) like medical help, education for third-world countries etc. awesome stuff if you ask me. YES, you cannot buy more shit with 20 billion as you can with 10 billion, but its still pretty awesome if they actually do it.
Aug 5 2010 10:17AM
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VCharette
Posts: 4276 - Karma: 1,047
Gucci Mane the flare is quite the phylantrope.
Aug 5 2010 12:51PM
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No_Dub
Posts: 3357 - Karma: 294
Mad cool yo.
Aug 5 2010 12:57PM
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JacheOReally
Posts: 3597 - Karma: 253
Hopefully on of them atleast pays my tuition bills
Aug 5 2010 1:05PM
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theabortionator
Posts: 51738 - Karma: 163,429
cool beans
Aug 5 2010 1:16PM
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ghosfacekilla
Posts: 533 - Karma: 72
His billions are all tied up in stocks, bonds, and an glacial amount of icy jewelry
Aug 5 2010 1:24PM
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CluckaChuck
Posts: 1541 - Karma: 734
What a champ
Aug 5 2010 1:32PM
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Commonwealth
Posts: 3729 - Karma: 11
Warren Buffett has pledged to give 99% of his wealth to charity by the time he dies.

http://money.cnn.com/2010/06/15/news/newsmakers/Warren_Buffett_Pledge_Letter.fortune/index.htm

Buffett's children have everything they could ever need (in 2006, he even gave his children $1 million each to start non-profits, I believe?)

"My wealth has come from a combination of living in America, some lucky genes, and compound interest." - Warren Buffett

Aug 5 2010 1:38PM
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Mtougas
Posts: 870 - Karma: 77
They should hand some money over my direction please.
Aug 5 2010 1:40PM
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freestyler540
Posts: 13106 - Karma: 18,906
Bill Gates is one of the greatest personnalities of the 21st century, this action made him even better!
Aug 5 2010 1:55PM
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corona
Posts: 12803 - Karma: 32,817
GET A FUCKING PC, MACS SUCK!
Aug 5 2010 1:58PM
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EastCoast315
Posts: 3136 - Karma: 137
agreed
Aug 5 2010 2:01PM
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drumbumocdp
Posts: 3229 - Karma: 1,098
Im really glad he got the ball rolling on this project. The World could defiantly use it. Mad respect for Gates
Aug 5 2010 2:16PM
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samwise
Posts: 2592 - Karma: 36
If I was Bill Gates I wouldn't give my kids shit. It's bad parenting to toss your kiddies a billion dollars.
Aug 5 2010 2:19PM
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laxstar
Posts: 1051 - Karma: 11
while i do think it is great to give to charity and help the needy, africa needs to be an example of just throwing money at a problem and expecting things to change, the us and countless other companies have been throwing money at Africa for years, and nothing has come out of it.. while africa is unique with its extreme corruptness and military problems, these charity's need to do something with this money rather than just handing it over
Aug 5 2010 2:29PM
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Commonwealth
Posts: 3729 - Karma: 11
I don't think I've seen anything where he said he was donating soley to Africa (unless you were just using that as an example).

Look at Detroit. According to an article in the newest Fortune, 2% of public high school students are prepared for college-level math, while only 11% are prepared for college-level reading. Detroit's graduation rate for high school seniors in 2008-09 was 60%. If the Detroit public school system can be recipient of some major cash infusions from philanthropists (like NYC, New Orleans, and Chicago have been), they could see a sharp increase in that graduation rate by the end of the decade.

So to counter your point, in some instances cash infusions do help - while I will agree that you first need to buckle down on corruption.
Aug 5 2010 2:43PM
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fujarome
Posts: 8630 - Karma: 1,561
i'm sure your outlook won't change the slightest bit someday when your parents leave you an inheritance.

It's not bad parenting, it's a privilege. Gates wasn't born with billions, he made it all himself. And what's the point of making all that money if you aren't going to use any of it help secure a comfortable future for your family down the line? He's going to donate the majority of it, but make sure his kids, grandkids and so forth all live well. As far as i'm concerned, he's got the right to do whatever he damn well pleases with his money.

 He could just as easily say "fuck everyone, i'm making a house out of stacks of money, then filling it with orphans and burning it to the ground!" But he's not, because he knows better than that. Gates is a good man, and i'm sure he's raising his kids to be like that.
Aug 5 2010 2:52PM
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ECfreeski3
Posts: 12019 - Karma: 126
yeah warren buffett is a total badass
Aug 5 2010 2:54PM
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SkierX
Posts: 16253 - Karma: 538
Honorable shit right there.

Reading the Warren Buffet pledge was incredibly insightful and the man is seriously honorable for doing the right thing.
Aug 5 2010 2:55PM
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Trollolo
Posts: 793 - Karma: 16
Rush Limbaugh said this is a bad idea. Says its spreading the wealth and soon there going to be asking millionaires to do it.
Aug 5 2010 4:02PM
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ECfreeski3
Posts: 12019 - Karma: 126
that makes my blood boil. i hope that fat fuck gets hit by a car
Aug 5 2010 4:04PM
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Allegrath.
Posts: 250 - Karma: 30
agreed biggest ass hole of all time
Aug 5 2010 4:10PM
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Trollolo
Posts: 793 - Karma: 16
lulz ya. Spreading the wealth is unamerican guys. Go Team America!
Aug 5 2010 4:13PM
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