San Francisco (AFP) Dec 9, 2010
Facebook co-founders Mark Zuckerberg and Dustin Moskovitz have joined a pledge to give away more than half their wealth to charity.
The pair were among 17 of "America's wealthiest families" to add their names to a "Giving Pledge" project started by billionaire investor Warren Buffett and Microsoft co-founder Bill Gates.
"People wait until late in their career to give back," 26-year-old celebrity entrepreneur Zuckerberg said in a Pledge release online Thursday.
"But why wait when there is so much to be done?"
The 57 family or individual names on the Pledge roster include media mogul Ted Turner, film maker George Lucas, Oracle chief Larry Ellison, and famed investors T. Boone Pickens and Carl Icahn.
"With a generation of younger folks who have thrived on the success of their companies, there is a big opportunity for many of us to give back earlier in our lifetime and see the impact of our philanthropic efforts," Zuckerberg said.
Zuckerberg's status as the world's youngest self-made billionaire comes from his ownership stake in Facebook, which has yet to go public with a stock offering. His net worth was recently estimated at nearly seven billion dollars.
The pledge to divert the bulk of one's wealth to philanthropic works before or after dying is a moral contract, not a legal one, and is meant to inspire people in all income brackets to support worthy causes.
Research shows that knowing others are donating makes people more inclined to give to charity, according to Princeton University professor of bioethics Peter Singer, author of the book "The Life You Can Save."
"Publicly pledging to give will encourage others to give," Singer said.
"This holds true for billionaires and for those of us who aren't anywhere near that level of wealth."
The first 40 pledges to the project came in August.
"In just a few short months we've made good progress," Buffett said. "I look forward to many more conversations with families who are truly fortunate, and whose generosity can and will change lives made good progress."
Share This Article With Planet Earth
Bringing Order To A World Of Disasters
A world of storm and tempest
When the Earth Quakes
London (UPI) Dec 8, 2010
Britain has decided to drop military aircrews from a new deal to provide helicopter-based U.K.-wide search-and-rescue operations. The $11 billion contract with a consortium involving French defense giant Thales, helicopter operator CHC Helicopters and the Royal Bank of Scotland was meant to bank on a civil as well as military aircrews, yet London has decided to cut the British air force ... read more
Flood-swept Czech town turns disaster into development|
Facebook co-founders pledge wealth to charity
Britain to outsource search-and-rescue ops
Colombia mudslide toll rises to 46 dead
World's First Microlaser Emitting In 3-D
EU slaps huge fine on South Korea, Taiwan LCD cartel
Google says 300,000 Android phones activated daily
High hopes and hard realities for India's 35-dollar computer
Conditioning Reefs For The Future
Mobile 'revolution' eases Pacific isolation, poverty
EU 'loophole' allows shark finning
Laos inaugurates controversial hydropower dam
Greenland Ice Sheet Flow Driven By Short-Term Weather Extremes Not Gradual Warming
It's Time For Europe To Step Up Research In The Polar Regions
Glaciers melting fastest in South America, Alaska: UN
New Research Shows Rivers Cut Deep Notches In The Alps' Broad Glacial Valleys
New Discovery About How Flowering Time Of Plants Can Be Controlled
Argentine shepherds, farmers protect forests from soy
Plants Remember Winter To Bloom In Spring With Help Of Special Molecule
Shanghai halts sale of suspected 'dyed' oranges: report
Latin America counts the cost after deadly rains
More than 11,000 people evacuated in Albania floods
Ecuador downgrades active volcano warning
Rains leave rising death toll in Colombia, Venezuela
Gbagbo's rivals demand backing of I.Coast military
Leaked US cable says China has 'no morals' in Africa
Sudan heads toward breakup
Conservationists seek legal freeze of Tanzania road
Lost Civilization Under Persian Gulf
Babies' Biological Clocks Dramatically Affected By Birth Light Cycle
Seeing The World All Depends On Differen Visual Minds
Apes Unwilling To Gamble When Odds Are Uncertain
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement|