Infosys Founder And Wife To Donate More Than Half A Billion To Charity
Nandan Nilekani and his wife join the list of philanthropic rich people in the world who are willing to pledge half their wealth to charity.
The Giving Pledge is a movement initiated by Microsoft founder Bill Gates and his wife Melinda.
The world's wealthiest individuals and families pledge through this movement to dedicate the majority of their wealth to philanthropy.
Other founders like Facebook founder Mark Zuckerberg and his wife Priscilla are also part of the list.
The most recent pair to join the list is Infosys co-founder Nandan Nilekani and wife Rohini. The power couple will donate 50% of their wealth.
It is suggested that the Nileknis' wealth is estimated to be about US$1.7 billion. The Nilekanis aren’t the only wealthy family from India to commit to this.
Other Indian philanthropic billionaires like Wipro Chairman Azim Premji, Biocon Chairman Kiran Mazumdar Shaw, and Sobha Ltd Chairman PNC Menon have also committed half of their wealth to philanthropy.
Philanthropic billionaires: The Giving Pledge offers a unique opportunity
The Nilekanis have a strong reason for joining the pledge.
"We see that inequality is increasing sharply in most countries. We see the young and the restless in this interconnected globe, unsure of their future, wanting more but anticipating less.
There is a growing politics of polarization, of divisions, of brinksmanship. It is as if the world holds its breath. What should we do at this time? That is a question every citizen must ask.
Those of us who have wealth beyond all our wants must ask that very sharply. Wealth comes with huge responsibility and is best deployed for the larger public interest. So what must the super-wealthy do?" they said in a statement.
"We thank Bill and Melinda for creating this unique opportunity for so many people to realise a moral aspiration inspired by the Bhagwad Gita (a 700 verse Hindu scripture in Sanskrit).”
This is not the first time the Nilekanis are giving back to their community. Their wealth has also gone into rebuilding the hostel campus of IIT Bombay. The Nilekanis also set up the Indian Institute for Human Settlements with the aim of solving urban challenges for India.
Under this pledge, signatories are given free will to support their causes. The movement started with 40 pledgers in the United States in 2010. As of November 2017, there are 171 pledgers from 21 countries around the world.
Source: Business Today
You don't have to be philanthropic billionaires like the Nilekanis to give back. Here are some articles on how to do just that: