Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Monday, 24 February 19:35 (GMT -05:00)

Business And Politics News

Bill Gates and Warren Buffett Determining a New Fashionable Trend: Charity

Bill Gates and Warren Buffett

On 16 June Bill Gates and Warren Buffett addressed American billionaires with an unusual call - to give away half of their wealth to charity.


America’s rich businesspeople can make their donations after death as well by including relevant provisions in their last wills.
The charitable campaign is called The Giving Pledge. Based on its originators’ preliminary estimates, it can raise about 600 billion dollars.According to The Forbes, there are 403 billionaires living in the USA.


The founder of Microsoft and the owner of Berkshire Hathaway, an investment company, are willing to go down in history as the most generous rather than wealthiest people in the best traditions of the Carnegies and the Rockefellers who donated the better part of their wealth for the society’s benefit.

Interestingly, in 2004 Bill Gates became a member of the Board of Berkshire Hathaway thus formalizing his relationships with Warren Buffett.
With his 53 bn. dollars, Bill Gates is placed second in the latest Forbes rating and is currently known as the person who has spent most money on charity.
In 2008 Bill Gates left his full-time position in Microsoft and took up management of Bill & Melinda Gates Foundation – the world’s largest charity foundation set up in 1994 that has 26 bn. dollars of funds at its disposal.
The foundation’s operations are intended to improve the health care system.The foundation’s money has been used to overcome famine in poor countries, fight AIDS, TB, malaria.In the USA, the Foundation works to improve the education system.
In 2009 the Foundation provided 25 mln. dollars for computerization of public libraries in Ukraine.
Warren Buffett is America’s guru, the most renowned investor of recent times, the head of Berkshire Hathaway, a conglomerate that includes Geico (car insurance), Benjamin Moore (paints) and Fruit of the Loom (textiles).
With his 47 billion dollars W. Buffett is ranked third among billionaires by The Forbes.
He published his letter at The Giving Pledge site stating that he happily made a decision to transfer 99% of his capital to Bill & Melinda Gates Foundation.
During the year W. Buffett, B. Gates and the latter’s spouse had regular dinners with America’s wealthy elite trying to convince its representatives to go into charity.
The originators of the call assure that some people have already volunteered to join.Four billionaires have vowed their consent: Eli Broad and his wife are famous collectors prepared to contribute 75% of their 6-billion fortune; Gerry Lenfest, the owner of telecommunications-related Lenfest Enterprises, and his wife have already donated 800 million dollars.They were joined by venture investor John Doerr and John Morgridge, the ex-president of Cisco Systems.
Vladimir PotaninVladimir Potanin, a Russian entrepreneur, head of Interros holding, chose to follow the example of Bill Gates and Warren Buffett. Ever since late 1990-s the Russian businessman has been in the top of the list of the world’s richest people published by The Forbes.He has holdings in GKM Norilsk Nickel, AKB Rosbank, the OPIN Group, ProfMedia holding and Roza Khutor.


In his interview to The Financial Times Vladimir Potanin said that he intended to bequeath all his assets to charity.
It should be noted that V. Potanin was among the first Russian oligarchs to go into arts patronage by setting up V. Potanin’s Charity Foundation in 1999mainly focused on realizing the potential of the most active, gifted and well-educated young people, developing culture (supporting museums, giving grants to TEFI winners).As the businessman said he would increase contributions to his foundation to 25 million dollars.
According to the news agency of the Masterforex-V Trading Academy, since December 2001 V. Potanin has been a member of the Board of Trustees of Solomon Guggenheim Foundation (Solomon Robert Guggenheim (1861-1949), an American arts patron of Swiss origin, founder of the Museum of Modern Arts in New-York, created a foundation for supporting modern arts) and has been making annual donations of 1 million dollars to the Foundation.
Arts patronage and charity have always and invariably been held in respect.Hopefully, the large amounts raised by charitable entities will indeed be used for a good cause.


You are free to discuss this article here: forum for traders and investors

Text: Oleg Kulikov
Add to blog
Got a question? – Ask it here »

Fed Cuts Key Interest Rate For The First Time In 10 Years

The U.S. Federal Reserve is reported to have cut the key interest rate, which is something really outstanding since the Fed has done it for the first time since 2009.

Publication date: 11 August 03:05 AM

New Prime Minister Names Brexit Date

It seem that the new Prime Minister of the United Kingdom is really determined about everything related to the Brexit. The process is expected to start in later 2019. Boris Johnson's standpoint on the matter didn't come as a surprise to the international expert community, Market Leader reports. The thing is, he has been well-known for being an advocate ad big supporter of quitting the European Union in general, and doing so without a major agreement in particular, which is also known as the hard Brexit scenario. 

Publication date: 07 August 06:54 AM

Johnson Launches Hard Brexit Ad Campaign

Boris Johnson, who has recently been appointed new UK Prime Minister, is on his way to launch an ad campaign to promote the idea of quitting the EU the hard way, which is also known as the hard Brexit. For those of you who don't know, the hard Brexit scenario implies quitting the European Union without signing a major agreement.

Publication date: 31 July 11:43 AM

U.S-China Trade War Is Sponsored By Consumers

According to the IMF, consumers and producers are the biggest losers in the trade war between the United States and China. Despite growing duties, American companies are not in a hurry to move their production back to the USA.

Publication date: 12 July 01:19 AM

US-China Trade Conflict May Trigger Another Global Financial Crisis

Beijing and Washington are one step away from escalating their trade conflict. The confrontation may harm the entire global economy. Some experts belive that the trade war may also trigger another global financial crisis. At this point, the parties seem to have come to a standstill, which is why the chances of the conflict escalating into a move severe trade war are still growing.

Publication date: 18 June 10:18 AM

WTO Lowers Global Trade Growth Forecast

 WTO experts are reported to have revised their forecast for the pace of global trade growth. The renewed forecast names figures below the previous ones - 2,6% against 3,7%. It's also interesting to note that the previous forecast for 2018 failed to match the actual figures.

Publication date: 19 May 02:58 AM

How to Protect Investment Capital in 2019?

Existing political and economic risks are pushing international investors into thinking about the security of their investment capital. Chasing big profits becomes secondary to this kind of security.

Publication date: 31 March 11:26 AM

EU Comes Up With Workaround to US Sanctions

The representatives of Germany, France, and the UK have registered a company to let it trade with Iran despite the US sanctions. The company still needs to be approved by 28 EU members.

Publication date: 31 March 02:33 AM

Beijing and Washington are getting ready for the final talks

Publication date: 17 February 08:58 AM

US-China Trade War Reaches Next Level

Washington and Beijing have announced a new round of talks. International experts say that the trade war is indeed going to a whole new level.
Publication date: 08 January 10:17 AM