Entries in Melinda Gates (3)


Obama Meets with Buffett, Gates to Discuss Giving Pledge

President Barack Obama meets with Warren Buffett, the chairman of Berkshire Hathaway, in the Oval Office, July 18, 2011. Official White House Photo by Pete Souza(WASHINGTON) -- President Obama hosted the two wealthiest Americans at the White House Monday to receive an update on the Giving Pledge, the pact to encourage the nation’s wealthiest people to donate the majority of their riches to philanthropy.

Obama met with Berkshire Hathaway CEO Warren Buffett and Bill and Melinda Gates, co-chairs of the Bill & Melinda Gates Foundation, to discuss the ways in which private philanthropy can help address the country’s greatest challenges.

Asked by ABC if the president is considering donating his personal wealth to the cause, White House Press Secretary Jay Carney would say only that they met because the president “thinks that what they’re doing is extraordinarily noble and good.”

Buffett and Obama also likely discussed the ongoing deficit-reduction negotiations, Carney said.

Copyright 2011 ABC News Radio


Billionaires Give Back, Sign On to 'Giving Pledge'

Bill Gates appears on ABC's 'This Week.' Photo Courtesy - ABC News(WASHINGTON) -- Some of the world's richest people are taking the Giving Pledge, a commitment to give the majority of their wealth away through philanthropy. It’s an initiative spearheaded by Bill Gates and Warren Buffett.

For Buffett, the choice to give was easy, the execution, he says, was difficult. "The question was how to do it. And it's much easier to make it than it is to give it away intelligently," said Buffett, the Chairman and CEO of Berkshire Hathaway.

In 2006, Buffett pledged 10 million shares of Berkshire Hathaway stock to the Bill and Melinda Gates Foundation -- then worth about $31 billion dollars. He said part of the reason was that "they have this identical goal that every human life is the equivalent of every other human life."

"We really started with the premise that all lives have equal value no matter where they live on the globe. So, that's Bangladesh, or that's Boston, or that's in Britain somewhere," Melinda Gates said.

"We looked around," Bill added, "and saw that the greatest miracle that had happened for everybody on Earth is that as health had improved, it not only saved lives, it reduced sickness, let kids be able to learn."

More than 40 people have already signed on to the Giving Pledge, and others are expected to join in the coming months.

Copyright 2010 ABC News Radio´╗┐


Bill & Melinda Gates Foundation Pledges $500 Million to Bring Financial Services to World's Poorest

Photo Courtesy - Getty Images(SEATTLE) -- Melinda Gates, co-chair of the Bill & Melinda Gates Foundation, urged nearly 200 influential world leaders to work together to build a financial structure that will "bring savings to the poor." 

To that end, Gates, whose husband Bill Gates is chairman of Microsoft Corporation, also pledged $500 million over the next five years from the charitable foundation the couple founded.

On Tuesday, world leaders gathered in Seattle at the Global Savings Forum, billed as "the first global gathering focused on the role of savings in the developing world," where Gates spoke about bringing financial services, specifically savings accounts, to the millions of people worldwide that are living on less than $2 per day.

"This is an amazing moment.  The stage is set for incredible breakthroughs," Gates told forum attendees.

Gates added that statements last week on savings by the G20 "proves financial inclusion is on the global agenda at the highest level."

Copyright 2010 ABC News Radio ´╗┐

ABC News Radio