5 Aug 2010

Billionaire pledges garnered for charity

7:48 pm on 5 August 2010

About 40 billionaires in the United States have pledged to give at least half of their wealth to charity.

The promise is part of a campaign by investor Warren Buffett and Microsoft founder Bill Gates.

Billionaires who have joined the campaign include the New York mayor, Michael Bloomberg, entertainment executive Barry Diller and Oracle co-founder, Larry Ellison.

The Giving Pledge campaign was launched in June, to convince other American billionaires to give away most of their fortune, either during their lifetime, or after their death.