08/04/2010 04:37 pm ET Updated May 25, 2011

Forty Billionaires Follow Buffett's Pledge To Donate Bulk Of Their Wealth To Charity

Famed investor Warren Buffett today announced the names of 40 of America's wealthiest families and individuals who have signed on to the Giving Pledge, a charitable project that targets billionaires to pledge to donate the bulk of their wealth. From New York Mayor Michael Bloomberg to Oracle (ORCL) CEO Larry Ellison, each of the individuals and families announced today have made a pledge to give the majority of their wealth to the philanthropic causes and charitable organizations of their choice, either during their lifetime or after their death.

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