FTX’s Sam Bankman-Fried and founders of 23andMe and Zynga promise to give away most of their money
Applications Software, article_normal, banking, Banking/Credit, Biotechnology, C&E Industry News Filter, commodity exchange activities, computers, Computers/Consumer Electronics, Computing, consumer electronics, Consumer Goods, Content Types, corporate, Corporate/Industrial News, credit, cryptocurrencies, Cryptocurrency Exchanges, Factiva Filters, Financial Investment Services, Financial Services, Financial Technology, Games Software, general news, Genomics, Headline-Only Content, healthcare, Healthcare/Life Sciences, High Net Worth Individuals, industrial news, Internet Search Engines, investing, Investing/Securities, leisure, Leisure/Travel Goods, Life Sciences, Management, Online Service Providers, political, Political/General News, securities, Securities/Commodity Exchange Activities, Senior Level Management, Software, Technology, travel goods, virtual currencies, Virtual Currencies/Cryptocurrencies
0 Comments
, 2022-06-04 06:55:00,
A politically active crypto billionaire, the co-founder of a DNA testing company, and the founder of a well-known videogame maker are the latest ultra-wealthy people to publicly promise to give away most of their money.
Sam Bankman-Fried, founder of the FTX crypto exchange; Anne Wojcicki, co-founder and CEO of 23andMe
ME,
; and Mark Pincus, founder and former CEO of Zynga, the maker of FarmVille and other popular games, all signed the Giving Pledge this past week.
The pledge was launched in 2010 by Microsoft
MSFT,
co-founder Bill Gates and his then-wife Melinda Gates along with their friend, Berkshire Hathaway
BRK.A,
CEO Warren Buffett. It was designed to encourage billionaires to publicly promise to give away the majority of their wealth either during their lifetimes or in their wills.
Bankman-Fried is a supporter of the effective altruism movement, which prioritizes giving money to the charities that save the most human lives on a per dollar basis. He’s also been active as a political donor to Democrats, including President Joe Biden, and more recently to an Oregon candidate to the U.S. House of Representatives. Bankman-Fried’s estimated net worth is $20.5 billion.
Wojcicki’s estimated net worth was $1.1 billion as of 2021, according to Forbes. She does her philanthropy through a foundation she runs with her sister, Susan Wojcicki, who is the CEO of YouTube. Anne Wojcicki was once married to Google
GOOG,
co-founder Sergey Brin. She co-founded 23andMe in 2006.
The Wojcicki’s foundation paid out about $25 million in grants in 2019, according to its most recent IRS filing. Recipients included the…
,
To read the original article, go to Click here
