Follow us:

Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

July 9, 2007 at 11:48 AM

Is charity contagious?

In the year following Warren Buffett’s highly publicized donation to the Bill & Melinda Gates Foundation, all that generousity is clearly having one effect: peer pressure.

The act has spurred its share of philanthropic impulses around the globe. In case you missed it, Hong Kong superstar Jackie Chan said recently he is giving half of his fortune to charity.

While Chan didn’t reveal his net worth, he did mention the influence of Buffett and Gates.

“I admire the efforts by Buffett and Gates to help those in need a lot,” Chan said.

“Like Buffett and Gates, I want to help people, but I don’t have as much money as they do,” he said in an interview with the Associated Press.

Chan, 52, said his donation would go into his Jackie Chan Charitable Foundation, started in 1988 to help poor youth in Hong Kong and later broadened to include disaster relief, medicine and the arts.

Observers have also taken a closer look at the wallets of the world’s richest and asked — why hold out?

Mexican billionaire Carlos Slim has a fat piggy bank, adding $3.5 billion to his riches every month, according to Business Week. Now he is estimated to have overtaken Gates as the richest man in the world.

Slim’s charities include a $1.2 billion endowment of his telecom company’s Telmex Foundation and a family charity worth $2.5 billion. And he recently donated $100 million to the Clinton Foundation.

Slim pickings compared to Gates’ philanthropy? Maybe, but better than none at all.

Comments | More in Philanthropy

COMMENTS

No personal attacks or insults, no hate speech, no profanity. Please keep the conversation civil and help us moderate this thread by reporting any abuse. See our Commenting FAQ.



The opinions expressed in reader comments are those of the author only, and do not reflect the opinions of The Seattle Times.


The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►