Billionares Fortunes Are Going Into Charities

In light of the recent news that Prince Al-Waleed a member of the Saudi royal family and also a business magnate and investor will be donating $32 billion to the Gates Foundation. The Prince of Saudi said that he was inspired by the said Gates Foundation.

The Gates Foundation was setup by none other than the famous billionaire and computer wizard Bill Gates and his wife Melinda Gates in 1997. The money donated to the foundation will be mostly used to help poor areas around the world. Most notable of these was the fight against polio, that helped India finally get rid of the disease.

Before Prince Al-Waleed made his move of donating a hefty sum of money to the Gates Foundation. Another billionaire had pledge a hefty sum of money that is a bulk of his $70 billion fortune to the foundation. The billionaire that did it was the Oracle of Omaha, Warren Buffett, also a business magnate and an investor but is from the American soil. Considered to be the most successful investor of the 20th century. He is also a friend of Bill Gates.

Aside from Bill Gates and these two gentlemen there was a whole lot of billionaires that Gates have convinced to donate to charity. These means that a lot of rich people out there are now distributing their money around the world where before these were all mostly concentrated in a few pockets. This is really good news humanity will be moving forward without leaving some areas behind and making sure that there will be no place that will be lagging on technology, years of technology. We hope to see more of these rich people donating for a greater cause.