Eli Broad Pledges To Give Away 75% of His Fortune
Late last week, in response to a campaign by Bill Gates and Warren Buffett, high profile Jewish philanthropists Eli and Edythe Broad publicly pledged to give away 75% of their $5.7 billion fortune. As part of an initiative that aims to increase philanthropy among the wealthiest Americans, Gates and Buffett have challenged the super-rich to join them in donating more than half of their money to charities and other not-for-profit causes.
“We agree with Andrew Carnegie’s wisdom that ‘the man who dies rich, dies disgraced,’” the Broads said in a statement.
New York City mayor Michael Bloomberg, whose net worth is estimated at $18 billion, has also signed on, and The Economist reports that others are expected to jump on the gold-plated bandwagon soon.
A message from our Publisher & CEO Rachel Fishman Feddersen
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism so that we can be prepared for whatever news 2025 brings.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse.
Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.
— Rachel Fishman Feddersen, Publisher and CEO
