Sunday, July 18, 2010

How do they do it?

Not so long ago, Bill Gates pledged almost all (if not all) of his money to a charitable trust run by his wife and himself. Warren Buffet, the guru of the stock markets pledged his billions to the same charitable trust. And today I read this. Paul Allen, the other and less famous half of Microsoft, and a successful VC in his own right, has pledged many billions to a charity trust started by him.

This kind of Philanthropy truly amazed me. Of course, you can question if this is all just some kinda hogwash and maybe the money is getting channeled back to them. But frankly, there are too many hawk eyes and ears in the world these days and pulling something off of this nature is next to impossible. So, the only possible explanation is the most unbelievable one! These guys are actually parting with their life's hard earned money!! I am just super surprised by all this because, Philanthropy of any form doesn't come naturally to me, and it does not for most Indians. And we really don't have such examples set by Indian businessmen either. Sure, there are some who give up their lives working and caring for the poor or needy, but how many part with their money and that too so much of it! Can you imagine the feuding Ambanis parting with so much of their money? Or maybe the splintered Birlas or the family run businesses like Bajaj or Godrej or .. I can go on and on...

Some facts are surely stranger than fiction!!

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