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List grows of billionaires pledging to give away wealth
"We view our wealth in this light -- not as an end in itself, but as an instrument to effect positive and transformative change."
- Laura and John Arnold, hedge fund manager
Forty wealthy families and individuals have joined Microsoft Corp. co-founder Bill Gates and billionaire investor Warren Buffett in a pledge to give at least half their wealth to charity.
The growing list of couples or individuals signing The Giving Pledge was updated today with new names, including software mogul Larry Ellison and filmmaker George Lucas. Microsoft co-founder Paul Allen, the only other billionaire from Washington state to take the pledge, added his name last month.
Ellison, who has been criticized in the past for not giving more to philanthropy, said he intended for many years to donate 95 percent of his wealth to charity. He has donated hundreds of millions to medical research and education.