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Billionaires vow to give away half their fortune

…their control is still key. What potential loss if in hands of non-entrepreneurial charities!

Imagine if this money was handed over without proper supervision!
In an article this morning in TheAge.com, 40 of America’s billionaires and their families have pledged to give more than half of their fortune to charity in a drive organised by Bill Gates and Warren Buffett.

Whilst it is a particularly noble gesture; make no mistake that unless they are prepared to also police it and make the necessary entrepreneurial decisions so that the money is not squandered but in fact expanded, then itmay well prove in time to be a fruitless exercise.

Mind you though, these people didn’t get where they are by being silly and emotional without being savvy, so I’m sure they’ll do it again with this venture.

Sadly though, not one woman rates in the list of the richest… what is that? Mind you, all 40 doing this have not been listed, so I can only hope there is some representation, but I’m sure there’s so much room for more. Ladies, it’s about time we rectified that little stat!

To read the full article, click here

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