4.8 • 1.9K Ratings
🗓️ 23 October 2019
⏱️ 29 minutes
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Amplifying the giving pledge
Akimbo is a weekly podcast created by Seth Godin. He's the bestselling author of 19 books and a long-time entrepreneur, freelancer and teacher.
You can find out more about Seth by reading his daily blog at seths.blog and about the workshops at akimbo.com.
To submit a question and to see the show notes, please visit akimbo.link and press the appropriate button.
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0:00.0 | Bill Gates has a problem, a big problem, billions of problems. |
0:07.0 | Hey, it's Seth, and this is from our sponsor. So what's his problem? |
0:15.0 | We'll be back in a second after this message from our sponsor. |
0:23.9 | So what's his problem? |
0:25.4 | His problem is that he did something brave and generous and powerful in 2010 about nine years |
0:31.2 | ago. |
0:32.3 | He and Warren Buffett at the time the two richest men in the |
0:35.9 | world invented the giving pledge and the idea is that if you have more than a |
0:41.8 | hundred million dollars you can join their exclusive club. |
0:46.0 | And what the club says is that every member pledges to give at least half of their net worth away to charity now, before they die or in their |
1:00.9 | will. |
1:02.4 | When they began, they had about a dozen members. Quickly, it |
1:07.1 | grew to 40. Now, it's more than 150, with most of them being billionaires. |
1:16.3 | This is great news. |
1:18.0 | It's great news because it means |
1:20.4 | that talented leveraged people are playing a second game, a game that's about weaving |
1:27.4 | our culture and leading there, helping those in need, instead of only seeking to make one metric go up. |
1:37.0 | So what's the problem? |
1:40.0 | The problem is that Bill Gates has more money now than when he started this project, that as |
1:47.1 | much good as the Gates Foundation has done, as much money as he has given away. |
1:55.0 | Billionaires make money from their billions and he has more money now than when he |
2:01.4 | started. |
... |
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