6/26/06

Spreading The Wealth

When Microsoft Chairman Bill Gates announced that he'll be leaving daily operations at Microsoft to work full-time at his charitable foundation, he became part of a larger tradition. Gates now stands alongside other entrepreneurs-turned-philanthropists such as the Rockefellers, the Gettys and the Fords.

Not to mention Omidyar, Brainerd and Kirsch. While they're less famous, they're worth noting, too. Like Gates, many of the recent generation of foundation-founders made their money in the dot-com boom or the software industry.

[Excerpt of article by Tara Weiss and Hannah Clark, Forbes]

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