South African billionaire Patrice Motsepe has
donated half of his $2.65 billion to charity. The beneficiary is the Motsepe
Foundation, which was founded in 1999 by the billionaire and his wife,
Precious.
"I decided quite some time ago to give at least
half of the funds generated by our family assets to uplift poor and other
disadvantaged and marginalised South Africans.
"I was also a beneficiary of various people,
black and white, in South Africa and in the US who educated, trained, mentored
and inspired me and whose faith and belief in me contributed to my success in
my profession, business and elsewhere. The same can be said about my wife,
Precious, and we are deeply indebted to them and many more. Click to read more after the cut...
"Most of our donations have been private, but
the need and challenges are great, and we hope that our Giving Pledge will
encourage others in South Africa, Africa and other emerging economies to give
and make the world a better place." Motsepe said
Giving Pledge is a campaign founded by Bill Gates
and Warren Buffett in 2010, which encourages wealthy people to donate their
fortune to charity. As of November 2012, 91 billionaires - mostly Americans,
have committed to the pledge. Motsepe is the first African to do this
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