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South African Billionaire Joins Warren Buffett and Bill Gates’ The Giving Pledge

Patrice Motsepe is the first African to join the Giving Pledge alongside the majority American billionaires.

South African Billionaire Patrice Motsepe

Philanthropy from billionaires is becoming a very common occurrence. Whether it’s only for good publicity or because they generally care about the welfare of others, people with money tend to donate large amounts to charity.

The Giving Pledge is one such campaign that was started by Warren Buffett along with Bill Gates and his wife. It is made up mostly of American billionaires that have pledged to donate the majority of their wealth to charity.

Patrice Motsepe, the first black South African male billionaire, recently became the first African to join the group and their efforts. Motsepe stated, “We recognize the huge responsibility and duty that the Motsepe family has to the poor.” He also said that he was inspired to take up the cause because he had not seen the fortunes of poor South Africans improve much even after country ended white-minority rule in 1994. Motsepe is a mining magnate and the owner of African Rainbow Minerals, he didn’t give specifics on how much he would be donating but he did say that he “will contribute at least half of the funds generated by our family assets to the Motsepe Foundation.” According to Forbes, Motsepe is worth an estimated $2.65 billion.

It is really inspiring to see a person take it upon himself to ensure a better life for an entire country of people.

Do you believe billionaires are obligated to secure the wellbeing of people in their country?

 

Malcolm Morrow, a Your Black World Network contributor, is a senior, criminal justice major at The University of Southern Miss.

5 Responses to South African Billionaire Joins Warren Buffett and Bill Gates’ The Giving Pledge

  1. Haile

    March 11, 2013 at 5:50 pm

    It is good that Patrice Motsepe is thinking about giving some of his riches back to Africa. I hope that The great creator continues to speak to him.

  2. LaVerne Hardin, J.D.

    March 11, 2013 at 2:06 pm

    It is a tax write off. The proverty in Africa has been going on for years. Many white americans have contributed for years. it is about time he did for his country.

  3. elaine clemons

    January 31, 2013 at 1:54 pm

    this means he in an enemy of the people. joining gates and buffet, killers of our people. wolves in sheep’s clothing. death to these assholes.

  4. Ruby from NJ

    January 31, 2013 at 1:29 pm

    It is better for Mr. Motsepe to help his own people in South Africa.

  5. Kim

    January 31, 2013 at 11:49 am

    I wouldn’t say they are obligated but should feel COMPELLED! Afer all, it is not for everyone to have extremes amounts of wealth in this life.I know if I was a billionaire, I would not only support my own children but to others in dire need and for those who have a dream/vision that I feel would be profitable and to help thehuman race. YES I WOULD! But that is the kind of heart I have. I would want to give.