Two billionaire fundsters just joined a high profile promise, started by none other than Warren Buffett and Bill Gates, that already includes two other famous fundsters, a late fundster, and many other philanthropists from around the globe.
Yesterday Buffett confirmed
that David Booth
(co-founder and executive chairman of DFA
and Regina Gabelli
(Mario is the founder, chairman, and CEO of Gamco
]) and a dozen other signatories have joined the Giving Pledge
. The pledge, started in 2010, "is a commitment by the world's wealthiest individuals and families to dedicate the majority of their wealth to giving back."
picked up on the pledge's 2018 recruits.
Austin-based Booth, worth an estimated $1.57 billion, has been famously supportive
of his alma maters, Kansas University and the University of Chicago.
Rye, New York-based Mario Gabelli, worth an estimated $1.7 billion, has made big donations to New York City's Columbia University
and Fordham University
. In his note about the Giving Pledge, he says that his family foundation's "main focus is on education."
Other fundster couples who made the pledge in previous years include: Mellody Hobson and George Lucas
, Joe and Rika Mansueto, and the late Jim and Virginia Stowers
Neil Anderson, Managing Editor
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