Refused to raise the second generation of the rich eight Silicon Valley giants do not leave their children legacy

Source: Internet
Author: User
Keywords Legacy after death
Some successful entrepreneurs like to spend their hard-earned money on material life, whether it's a private jet, a private island, or a vacation villa, which is the favorite part of the crowd. But there are also a few successful entrepreneurs who are more inclined to use their huge wealth to support philanthropy and establish trust foundations. A few days ago, the famous U.S. technology media "Business Insider" for us to organize eight of the decision to donate huge wealth to charities, rather than for their children's successful technology entrepreneurs, the following is the main content: 1, Bill Gates (Gates), Microsoft co-founder Robert Gates, a long time ago, made it clear that he would not leave all his 78 billion-dollar possessions to his children, and he only planned to leave about 10 million dollars for each child. I know very well that leaving a huge fortune for our children is not a good thing for them to grow up. Gates said this in the February Redditama (askmeanything, ask me any questions) on the plate. In fact, Gates and his wife Melinda founded the Bill and Melinda Gates Foundation Trust (Bill&melindagatesfoundationtrust) in 1994, which now has more than 36 billion dollars in capital. At the same time, Gates, along with his friends, the US business elder Warren Buffett (Warrenbuffett), launched a campaign called the Donation Oath (Thegivingpledge), which calls upon billionaires to use at least half their wealth for charity in their lifetime or death, Buffett, 83, has pledged to donate most of his wealth through a donation pledge campaign. 2. Steve Stevecase, AOL's co-founder and former chief executive Steve Keyes, had successfully helped hundreds of millions of Americans into the internet age, and now wants to help develop some other advanced technology with his huge wealth. It is reported that Steve Keyes set up his own Casefoundation Foundation in 1997, which is dedicated to finding ways to make global philanthropy more efficient. At the same time, he founded a revolution investment company whose main investment was start-ups outside the Silicon Valley region. Moreover, Keith himself was one of the participants in the Donation pledge initiative. We know we are on a unique platform and have unique opportunities for development, and we want to take advantage of it as best we can. At the same time, we do not consider ourselves to be the real owners of these assets, but only as managers of these resources. Keith said. 3. Mark-Benioff (Marcbenioff), founder and CEO of Salesforce and Ceosalesforce, Benioff recently with nonprofit organizations TippingPointJoined hands to launch a campaign called Back to San Francisco (Sfgives). Through this activity, Benioff hopes to raise 10 million dollars for local poverty eradication projects within 60 days. After days of telephone lobbying, Benioff said he had raised 5 million of dollars from businesses including LinkedIn, Google, Zygnapopsugar, if, Jawbone and box. He also encouraged other companies to emulate their 1/1/1 model, where companies should spend 1% of their working hours, 1% of their total assets and 1% of their resources on philanthropy. It is worth mentioning that Benioff and his wife have donated more than 200 million dollars to the children's Hospital of the University of California, San Francisco. 4, Elvin-Jacob (Irwinjacobs), Qualcomm co-founder so far, Jacob has been to including the Cornell University Roosevelt Island New Campus (Cornelltechsrooseveltislandcampus), Institutions such as the Massachusetts Polytechnic University Scholarship Program and the San Diego Symphony Orchestra (Sandiegosymphony) donated more than 500 million dollars. At the same time, he has decided to take part in the Donation Pledge initiative and will donate at least half of his net worth to charitable causes. Although Jacob had previously handed over Qualcomm's CEO position to his son, Paul Jacob (Pauljacobs), the latter's 1.5 million-share Qualcomm stocks were simply not comparable to his father's 26 million shares.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.