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One may assume this as an outrageously improbable move and could be pardoned for thinking so. It is a heartening truth that 156 billionaires from 16 diverse countries have already pledged more $850 billion and are inspiring their peers to do so too.
The pledge does not involve any pooling of funds or promotes a particular cause but only encourages billionaires to give away at least half of their wealth to address societys biggest concerns like Health, Education & Poverty Alleviation by writing a simple letter of pledging.
Heres what the much thoughtful founders of the initiative have to say:
I realized about ten years ago that my wealth has to go back to society Bill Gates.
Philanthropy is not about the money, its using whatever resources you have at your fingertips and applying them to improve the world Melinda Gates.
The Giving Pledge letters are not merely press releases, and may even be more important than any single donation because they're messages to the future, they will be influencing philanthropy 10, 20, 50 years from now, just like Andrew Carnegie's Gospel of Wealth. -Warren Buffett.