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Microsoft Co-founder Giving Half His Money Away

By - Source: Tom's Hardware US | B 106 comments

Charitable billionaires are promising half of their money to charity.

Bill Gates is famously a very charitable man. However, there's another charitable soul in Microsoft's history. Paul Allen, who helped Gates found Microsoft in the 70's but left in the 80's and officially resigned from his place on the board in 2000, is constantly donating money to different causes. Now, Allen has promised to give away the majority of his fortune when he dies.

Paul Allen is already a dedicated philanthropist. He's donated millions upon millions of dollars to the University of Washington and has made substantial multi-million dollar donations to various different charities and medical organizations. Allen has already given more than the average person can (the New York Times puts it at about $1 billion so far), but last night the Microsoft co-founder said he would be giving more than half of his $13.5 billion to philanthropy.

"I’ve planned for many years now that the majority of my estate will be left to philanthropy to continue the work of the foundation and to fund nonprofit scientific research, like the ground breaking work being done at the Allen Institute for Brain Science," NYT cites Allen as saying in a statement.

Allen's pledge is in response to Warren Buffet and Bill Gates' call for the country’s billionaires to give half their money to charity. Several other billionaires have made the same promise as Allen, including Eli and Edythe Broad and John and Ann Doerr.

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  • 41 Hide
    chickenhoagie , July 16, 2010 11:54 PM
    we need more people like this these days..too much seperation of wealth. people have more money than they can spend these days, which is why i salute people like this to actually realizing this.

    who needs their own personal jumbo jetliner?
  • 21 Hide
    eddieroolz , July 17, 2010 1:08 AM
    These philanthropists should be commended a lot more. They barely get any attention anywhere - all the while Jobs and his cronies make headlines every single damn week for some incomprehensible reason. For comparison, Jobs doesn't even take part in philanthropist acts - he keeps all that for himself. Shows the difference in character of people.
  • 20 Hide
    cheepstuff , July 17, 2010 12:22 AM
    philanthropists rock.
Other Comments
  • 41 Hide
    chickenhoagie , July 16, 2010 11:54 PM
    we need more people like this these days..too much seperation of wealth. people have more money than they can spend these days, which is why i salute people like this to actually realizing this.

    who needs their own personal jumbo jetliner?
  • 20 Hide
    cheepstuff , July 17, 2010 12:22 AM
    philanthropists rock.
  • 18 Hide
    fball922 , July 17, 2010 12:25 AM
    How much money do people need? As much as they can acquire from the fruits of their labor. Props to Allen for giving away so much of his money, very honorable, but don't criticize the people who don't, or think that if you can somehow get wealthy people to just give up their wealth all of the problems of the world would be solved... Its their money, they can do with it what they like, and that is OK by me :) 
  • 0 Hide
    Pyroflea , July 17, 2010 12:51 AM
    I'll take 6 or 7 digits if you don't mind :D 

    Good on him. It gets to the point where you realize you have everything you could ever want, and you eventually get over the whole obsession with material possessions. He did a wonderful thing :) 
  • 18 Hide
    mackinator , July 17, 2010 12:51 AM
    tharkis842Yah know, if they'd donate some of that to the american people in need all around this country, we could turn this economy around and get people back to work. Bring businesses back to our shores.


    dont say stupid things, switching whos hands the moneys in doesnt help the economy.please take an economy class before commenting on it
  • -9 Hide
    JOSHSKORN , July 17, 2010 12:55 AM
    Can I have some of that money, please??? I need a house in a nice area rebuilt from the ground up made to ADA specification. Not much of that around. :( 
  • 19 Hide
    m-manla , July 17, 2010 1:05 AM
    the_krasnoThe other half is still 6.75 billion bucks. Where is THAT going?


    Gotta have some left for the family.
  • 21 Hide
    eddieroolz , July 17, 2010 1:08 AM
    These philanthropists should be commended a lot more. They barely get any attention anywhere - all the while Jobs and his cronies make headlines every single damn week for some incomprehensible reason. For comparison, Jobs doesn't even take part in philanthropist acts - he keeps all that for himself. Shows the difference in character of people.
  • -4 Hide
    tharkis842 , July 17, 2010 1:33 AM
    mackinatordont say stupid things, switching whos hands the moneys in doesnt help the economy.please take an economy class before commenting on it


    Just because i didn't elaborate on WHICH people should directly take hold of the money doesn't mean i don't know what i'm talking about. Before you call someone stupid, maybe you should take a look at our current situation, and the 30's. Money hoarding leads to economic downfall in the long run. I think it's a good thing he's giving away half of his money, but there's a point when being wealthy becomes ridiculous. When you have enough to buy pretty much anything you'd ever want in life, you've earned far past your share.
    It doesn't take a genious to figure out how many jobs could be moved back to the U.S. which would cut production costs, increasing profit margins, and increasing the amount of dollars in the AMERICAN workforce' pockets. Maybe YOU don't have to worry about feeding your family like everyone else, but the rest of us do. When the percentage of people out of work reaches double digits and doesn't fall for over a year, there's an obvious problem. I don't remember saying give everyone $2 million to blow on Corvettes. Maybe you should think before you speak before calling someone stupid.
  • 1 Hide
    pojih , July 17, 2010 1:53 AM
    tharkis842Just because i didn't elaborate on WHICH people should directly take hold of the money doesn't mean i don't know what i'm talking about. Before you call someone stupid, maybe you should take a look at our current situation, and the 30's. Money hoarding leads to economic downfall in the long run. I think it's a good thing he's giving away half of his money, but there's a point when being wealthy becomes ridiculous. When you have enough to buy pretty much anything you'd ever want in life, you've earned far past your share.It doesn't take a genious to figure out how many jobs could be moved back to the U.S. which would cut production costs, increasing profit margins, and increasing the amount of dollars in the AMERICAN workforce' pockets. Maybe YOU don't have to worry about feeding your family like everyone else, but the rest of us do. When the percentage of people out of work reaches double digits and doesn't fall for over a year, there's an obvious problem. I don't remember saying give everyone $2 million to blow on Corvettes. Maybe you should think before you speak before calling someone stupid.


    LOL. The jobs will come back as soon as people decide they will go back to the line for the same monetary compensation as someone in Taiwan.

    There is no ceiling for how much money you can make, no "past your share". Just because you have a rough lot in your life doesn't mean you need to go around pointing fingers at people with more money than you - its not a good quality to have.
  • -3 Hide
    tharkis842 , July 17, 2010 2:04 AM
    pojihLOL. The jobs will come back as soon as people decide they will go back to the line for the same monetary compensation as someone in Taiwan. There is no ceiling for how much money you can make, no "past your share". Just because you have a rough lot in your life doesn't mean you need to go around pointing fingers at people with more money than you - its not a good quality to have.


    What jobs? Kinda hard to get a job when all available positions are filled and businesses keep going under. Businesses have a hard time staying afloat when people don't have money to spend, or don't have jobs. You obviously didn't understand anything I said. I seem to remember only pointing fingers at those pointing their fingers and doing the name calling. It's disappointing how ignorant a few of you can be.
  • -4 Hide
    derstarke , July 17, 2010 2:09 AM
    chickenhoagiewho needs their own personal jumbo jetliner?


    Of course, the 13.5 billion leftover can still get you plenty of Jumbo Jetliners....
  • 14 Hide
    del35 , July 17, 2010 2:19 AM
    I can't imagine the propagandist and con-artist Steve Jobs doing something like this.
  • 8 Hide
    ares1214 , July 17, 2010 2:28 AM
    del35I can't imagine the propagandist and con-artist Steve Jobs doing something like this.


    haha, thats probably because you have to make decent products and profit before you can give that magnitude of money! :p 
  • -7 Hide
    Antimatter79 , July 17, 2010 2:36 AM
    mackinatordont say stupid things, switching whos hands the moneys in doesnt help the economy.please take an economy class before commenting on it


    I agree. And if the half that don't have it were so adept at handling large sums of money, they'd already have it. Quite often, legitimately earned money seems to find its way to people who know how to manage it in the first place.
  • 8 Hide
    Antimatter79 , July 17, 2010 2:38 AM
    the_krasnoThe other half is still 6.75 billion bucks. Where is THAT going?


    It's his money, it'll go wherever the heck he wants it go to, minus estate taxes and attorneys fees, etc.
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