A South African billionaire, Patrice Motsepe, has decided that his family will give away half of its money to charity as he thinks that it is important for the successful people to help the less fortunate.
Motsepe, according to Forbes Magazine is the fourth richest man of South Africa and the eighth richest of the continent. According to the magazine, he has a net worth of 2.65 billion wealth made in the mining sector.
There have been many instances in which billionaires or people with a lot of wealth have decide to give away some part of their wealth for philanthropic purpose which is indeed a noble step on their part. In August 2010, more than thirty US billionaires including Michael Bloomberg, entertainment executive Barry Diller and Oracle co-founder Larry Ellison pledged to give away at least fifty percent of their wealth to charity for the Giving Pledge campaign, by investor Warren Buffett and Microsoft founder Bill Gates.
It was a campaign started by Gates in June 2010, to give away half of their fortune during or after their lifetime to the less fortunate. Patrice Motsepe has also decided to join the Giving Pledge in order to share his wealth with people who are in need of financial support and assistance.