Ever since the Gates’ and Mr. Buffet teamed up to challenge the wealthy to donate their fortunes to charity, a number of billionaires are stepping forward to accept this challenge. With the announcement of this challenge, philanthropy has now become a trend of sorts among the wealthy. The latest to succumb to this trend and accept the might challenge is none other than a famed fashion designer, Diane von Furstenberg. The fashion designer and her husband, TV mogul Barry Diller who have a fortune of more than £1 billion ($1.5 billion), have together accepted this challenge. The famed designer now finds herself amongst 34 other generous billionaires who took up the challenge and pledged fifty percent or more of their wealth to charity. The challenge dubbed as the Giving Pledge has generated an enthusiastic response from the billionaires who have accepted this unique pledge that does not accept money but asks billionaires to make a moral
commitment to give away their wealth to charity.
Some of the other famed billionaires to accept this challenge include New York Mayor Michael Bloomberg, Oracle co-founder Larry Ellison, energy tycoon T. Boone Pickens, media mogul Ted Turner, banker David Rockefeller, investor Ronald Perelman, Eli Broad, venture capitalist John Doerr, media entrepreneur Gerry Lenfest, and former Cisco Systems chairman John Morgridge.