20 Billionaires Giving Away Their Fortunes

The Giving Pledge, or the commitment to give away at least half of one's wealth to charitable causes, has become a very exclusive list of the "who's who" of billionaires.

Formally announced in June 2010, within the first two months the pledge had received commitments of more than $125 billion from 40 wealthy donors. Since then, the pledge has grown to more than 125 billionaires, all of whom are committing to donate at least half of their wealth, and some are going way beyond that.

For example, Warren Buffett has pledged to give nearly all of his fortune away, with the vast majority going to the Bill and Melinda Gates foundation, who are also giving away most of their wealth. The exact amount Buffett has pledged is 99% of his net worth -- which based on his net worth today according to Bloomberg, is roughly $65 billion.

Here is a sampling of the most well-known billionaires who have committed to giving the majority of their wealth away, in no particular order.

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  • Report this Comment On July 13, 2014, at 8:34 PM, tedt60553 wrote:

    I wouldn't believe them. For years ceo's have been saying they were not taking salary for their employees when it is pure BS. The truth is that they were not taking salary so that they could pay a lower tax rate by only paying capital gains. It most likely is just some tax loop hole so there kids can look like paupers instead of rich to protect them from people trying to take their childrens wealth. Don't believe anyone till you see a personal financial statements and all the loopholes being used.

  • Report this Comment On July 13, 2014, at 8:40 PM, Mentallect wrote:

    No of them are conservative republicans. They covet money even after they die. Think the Koch Brothers will give away a dime after earning tens of billions polluting the US and world? NOPE!!

  • Report this Comment On July 14, 2014, at 10:47 AM, rdj1234 wrote:

    Perhaps Sir Paul McCartney is his newest recruit?

  • Report this Comment On July 14, 2014, at 10:13 PM, GrumpyOldGuy wrote:

    Are these the same 1 percenters that keep telling us they want to pay higher taxes? If so, why are they not giving all this wealth to the Govt? My guess is that they are lying about giving all their wealth to charity and they are lying about wanting to pay higher taxes.

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Matthew Frankel

Matt brought his love of teaching and investing to the Fool in order to help people invest better, after several years as a math teacher. Matt specializes in writing about the best opportunities in bank stocks, real estate, and personal finance, but loves any investment at the right price. Follow me on Twitter to keep up with all of the best financial coverage!

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