Archive July 2010
Microsoft’s co-founder promises billions to philanthropy
Paul Allen, the co-founder of Microsoft promised billions to philanthropy after his death. Paul Allen already has a charitable foundation that has donated over $400 mil. to charity and he persoanlly has given out $600 mil. Paul Allen left Microsoft in 1983 when he was diagnosed with blood cancer, having been founded Microsoft with Bill Gates in 1975. In this charity pledge he said “
I want to announce that my philanthropic efforts will continue after my lifetime,” said Mr Allen, the 37th richest man in the world according to Forbes magazine.
“I’ve planned for many years now that the majority of my estate will be left to philanthropy to continue the work of the foundation and fund non-profit scientific research.”
According to this Mr. Paul Allen would give out most of his estimated fortune of $13.5bn.
BBC | Shantanu ( TCN writeup)
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