Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks at the Fortune's Most Powerful Women's Summit in Washington October 13, 2015. REUTERS/Kevin Lamarque
WASHINGTON: Mark Zuckerberg’s pledge to give away his Facebook holdings is the latest philanthropic initiative by America’s wealthy, and follows a challenge by billionaire Warren Buffett to the world’s other billionaires.
The announcement by the Facebook founder and his wife Priscilla Chan to donate 99% of their Facebook shares, or some US$45bil (RM190.38bil), to charitable causes during their lifetime far exceeds the challenge by Buffett, who urged the wealthy to give away at least half their fortunes.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
