Uk News Why I'm urging my fellow billionaires to give away their wealth United Kingdom news

PremierLeague-News.Com - Phones 4U founder John Caudwell says the world's richest could divert their money to good causes

Uk News Why I'm urging my fellow billionaires to give away their wealth United Kingdom news

PremierLeague-News.Com - Phones 4U founder John Caudwell says the world's richest could divert their money to good causes

Uk News  Why I'm urging my fellow billionaires to give away their wealth United Kingdom news
09 April 2021 - 05:00

PremierLeague-News.Com - Breaking Sport Transfer News ! From when I was a young child growing up in a working class family in Stoke-on-Trent, I have been motivated to achieve success and create wealth in order to use it to help others.Since selling my business Phones 4U for £1.5bn in 2006, I have continued to invest wisely and grow my wealth so that the amount I give away, both during and after my lifetime, will be as sizeable as possible.Charity is at the forefront of everything I do. In 2000, I set up Caudwell Children, which provides support for disabled children, and in 2016, after many members of my family contracted Lyme Disease, I founded Caudwell LymeCo, to raise awareness and fund much-need research. With both, I personally fund all wages and other operating costs so that 100 per cent of donations go directly to the charities’ services.i's opinion newsletter: talking points from todayEmail address is invalidThank you for subscribing!Sorry, there was a problem with your subscription.In 2013, having already stipulated my giving in my will, I became one of the first billionaires in the UK to sign up to the Giving Pledge, publicly committing to donating 50 per cent of my wealth to charity. Since then, I have increased the amount to at least 70 per cent and I may go further still.The question I always ask myself is: why don’t more billionaires give more?There are an unprecedented 2,755 people who have made it onto Forbes’ 35th annual World Billionaires List, which was announced on Tuesday. That’s 660 more billionaires than there were a year ago. And yet, I am one of only 220 of the world’s wealthiest who have so far signed the Giving Pledge.Just imagine how much good could be done if all 2,755 billionaires made this pledge.

News source = PremierLeague-News.Com

.55trn (£4.77trn) – half of the billionaires’ $13.1trn combined wealth – directed towards good causes, aiding society’s most vulnerable and helping to solve the world’s biggest and most urgent problems. Read More What changed me from being an anti-vaxxer influencer to promoting vaccines This year’s Forbes list has also underscored how much Covid has widened the rich-poor divide. That combined wealth of $13.1trn has risen from $8trn one year ago. The fortune of Jeff Bezos alone, the world’s richest person for the fourth consecutive year, surged a staggering $64bn since the start of the pandemic. Compare Bezos’ record $177bn worth today with that of the world’s richest person in 1987 (the first year of the list) – then just $20bn – and the inequality gap is even more obvious.If Jeff Bezos took up the Giving Pledge and donated 99 per cent of his wealth, he would still be as wealthy as I am before the Giving Pledge and three times as wealthy as I am after the Giving Pledge. And who needs $177bn anyway?I believe that those who are most privileged have a moral responsibility to give back to society. What’s more, when they do, they are likely to find – as I have – that philanthropy provides far greater rewards than wealth creation.I urge all my fellow billionaires on Forbes’ list to step up now and commit to the Giving Pledge, to create a fairer world.

Source = PremierLeague-News.Com

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