Where do billionaires keep all their money?

Bill Gates & Co .: Almost 100 billionaires donate half their fortune

Billionaire growth in "The Giving Pledge" by Messrs. Gates and Buffett: A good two years after the founding of their donation initiative, almost a hundred US billionaires have agreed to donate at least half of their wealth to charity to donate. On Tuesday, the number of super-rich willing to donate was 92, after eleven other billionaires had decided to follow the call of 82-year-old investor Warren Buffett and Microsoft founder Bill Gates (56).

Gates and Buffett started their initiative in June 2010. The official website states that it is "an attempt to invite the richest people and families in America to give most of their wealth to philanthropy." Bill Gates is behind with a fortune of $ 61 billion, according to the Forbes list the Mexican Carlos Slim (69 billion US dollars) the second richest man in the world - followed by Buffett, who ranks third with 44 billion dollars.

In the first eight weeks of the campaign, around 40 super-rich agreed to donate at least half of their wealth to charity, if possible.

Bloomberg, Lucas and Co.

They included New York City Mayor Michael Bloomberg, who made a fortune with the financial intelligence service of the same name before his political career, and George Lucas, creator of the Star Wars and Indiana Jones film franchises. Facebook founder Mark Zuckerberg, the investor of the Karstadt group Nicolas Berggruen, Oracle co-founder Larry Ellison, the energy tycoon T. Boone Pickens and media mogul Ted Turner joined them.

The initiative does not collect the money, but only wrests the promise of a donation from the billionaires or their families. You can then transfer the corresponding amount to the foundation or consider it in your will.

Buffett himself, who gives generous chunks of his Berkshire Hathaway stock to charitable foundations every year, had already promised to donate 99 percent of his fortune to charitable foundations. Most of his fortune will go to the Bill & Melinda Gates Foundation, which is the largest private foundation in the world based on its deposits. Since its inception in 1994, the foundation has spent nearly $ 30 billion on developing country health projects and social causes in the United States.

400 US billionaires

More than 400 billionaires live in the United States, according to Forbes Magazine. They include Paul Gardner Allen, who co-founded Microsoft with Bill Gates. He alone owns 14.2 billion US dollars and ranks 48th on the "Forbes" list of the richest people on earth. Gates himself owns about 501 million shares in Microsoft, which is a market value of around 16 billion US dollars Dollar equals.

William Barron Hilton also belongs to the illustrious circle of billionaires who are willing to spend. The native Texan is heir to the Hilton hotel chain, which was founded in 1919. He plans to donate 75 percent of his estimated $ 2.3 billion fortune to the campaign.

Among the new members of the elite Philanthropist Club are the co-founder of processor manufacturer Intel, Gordon Moore, and the head of the online film distributor Netflix, Reed Hastings.