Billionaire Oracle Corp. founder Larry Ellison will join film director George Lucas and 38 other mega-wealthy people in following a call by Warren Buffett and Bill and Melinda Gates to pledge to give the majority of their riches to charity.
On Wednesday, Mr. Buffett announced that 40 of America’s wealthiest individuals and families, from former Citigroup Inc. leader Sandy Weill to hotel mogul Barron Hilton, have signed the “Giving Pledge.”
Mr. Buffett and Mr. Gates in June had asked the individuals and families to publicly commit to give away at least half of their wealth within their lifetimes or after their deaths.
The pledge stemmed from a series of dinners the two men held for the nation’s billionaires over the past year to discuss the effects of the recession on philanthropy.
BILLIONAIRES GIVING IT AWAY