Warren Buffett and Bill Gates have convinced forty of the nation's "wealthiest families and individuals" to take their "Giving Pledge." Just six weeks after issuing a challenge in Fortune Magazine to their fellow billionaires, Buffett and Gates have won a substantial number of public promises to "return the majority of their wealth to charitable causes." Buffett says today, "We've really just started, but already we've had a terrific response."
The Indian firm is not the first microlender to go public but there has long been debate over whether social enterprises should be turned into giant commercial operations., reports The New York Times.
Warren Buffett and Bill Gates will be the 'Big Men on Campus' next month when they go to Columbia Business School to answer questions from the "next generation of business leaders" .. and CNBC's cameras will be there. We've just announced that a one-hour special town hall event, Warren Buffett and Bill Gates: Keeping America Great, will air Thursday, November 12 at 9p and 12a ET.
The price of lunch with Warren Buffett has gone down since last year but it's still not cheap. Tonight (Friday), this year's charity eBay auction ended at $1,680,300. The winner wants to be anonymous. That's 20 percent below last year's record $2.1 million but 2-1/2 times the previous year's price.
Bidding for next year's charity lunch with Warren Buffett has accelerated as the auction goes into its final day. The high bid stands at $456,789 with less than 10 hours remaining until the eBay auction closes at 10p ET tonight (Friday.) There's still a long way to go, however, to top last year's record $2.1 million tab.
Warren Buffett's latest assessment of the U.S. economy will be a prime topic of conversation later this morning when he appears live on CNBC television. Buffett is scheduled to be interviewed by Squawk Box co-anchor Becky Quick at 11:45a ET, just before he hosts a charity lunch at New York's Smith & Wollensky steakhouse.
Warren Buffett and his friend Bill Gates reportedly joined with David Rockefeller Sr. to invite a group of the world's richest people to gather in one room earlier this month. The agenda wasn't world domination. It was making philanthropy more effective. Among the other well-known, and very wealthy names, attending the meeting on May 5 in New York City: Michael Bloomberg, Peter Peterson, George Soros, Ted Turner, and Oprah Winfrey.