The world had 937 billionaires to its credit in 2010, according to Forbes. That’s a pretty small club, and you have to imagine that the top 10 richest people would have a few things in common, besides their wealth that is. In fact, they do.
And so it was eagerly that I awaited the stories of five attendees at a recent Roaring Women Dinner Meeting who were scheduled to speak about how they had become successful. I had asked each of them to tell their stories of success at a meeting – so that the ‘little secrets’ that exist within our peers could be revealed.
Admittedly, all that heady billionaire success has been ingrained into my psyche from very early on in my business career many years ago. Is it achievable? I have already affirmed it. But is it really typically possible for anyone to achieve? Well, since there are currently about 6.8 billion people on the planet with just over a thousand 10 Youngest Billionaires In The World, I would surmise the ratio would be highly against that happening.
It is likely that none of these individuals or their respective foundations will suddenly be open to your request for funding simply because they have now signed the Pledge. I am asked continually by clients and prospective clients how to take advantage of The Giving Pledge and tap into this resource.
This Youngest Billionaires group of people takes pride and love investing. They are aware that expenses reduce their investing power and so cut this to the bear minimum. Their high level of discipline causes them to live within their means.
However, I would disagree that the Pledge will encourage a general spirit of giving amongst individuals who are not exceptionally wealthy. If anything, I believe it will decrease smaller donations and giving by everyday people because it creates the perception that there are now billions of additional dollars pouring into nonprofits.
Let’s face it. The UN Food and Agriculture Organization estimates it would only take $30 billion a year to feed the world’s hungry. I do hope the world’s richest will decide to give $600 billion to global causes. The Pledge has inspiring potential…