The Self-Made Rich Are More Charitable Than Inheritors?
Bill Gates discussed in his speech in New Delhi that the self-made rich are more giving than those who have inherited their fortune. He is saying this according to his experiences in different countries all over the world. Gates’ speech was a campaign, together with Warren Buffett, to let the other rich Indians to offer to charity. According to Kat Rosqueta of the Center for High Impact Philanthropy at the University of Pennsylvania said that those who have become rich through entrepreneurial means makes them feel that they own their wealth. Those inheritors feel that they are like guardians of their inheritances.
Excerpt:
“More importantly, the self-made rich have the confidence that even if they give away the majority of their fortune, they can always earn more. Inheritors don’t always have the same confidence.”
Original article can be found at:
http://blogs.wsj.com/wealth/2011/03/28/are-the-self-made-rich-more-generous-than-heirs/
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