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Top Givers: Bill, Melinda Gates Donated About $23 Billion
Aired November 21, 2003 - 06:17 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL LIN, CNN ANCHOR: Time for a little 'Business Buzz.' Can you imagine giving billions of dollars away? Bill Gates can and does.
Mary Snow reports from the Nasdaq market site in Times Square.
Of course he's got the money -- Mary.
MARY SNOW, CNN FINANCIAL NEWS CORRESPONDENT: That's right, Carol, and lots of it. Good morning.
And you know, as this -- we enter the season of giving, "BusinessWeek" took a look at the top givers and Bill and Melinda Gates top that list, pledging a staggering $23 billion, more than half of their net worth. No. 2 on the list, Michael and Susan Dell; No. 3, PeopleSoft co-founder David Duffield and his wife, Cheryl; and eBay's first president topping out the top five list, pledging money for everything from poverty to public schools. And in order to make this list, "BusinessWeek" saying that candidates had to have given or pledged $95 million in the past five years.
And, Carol, what "BusinessWeek" is also pointing out is that traditionally when you think of a philanthropist, you might think of a wealthier person who has passed away pledging lots of money. But they said the tide has really turned that younger people are now pledging their money because they want to see this money put to use and also take a look at how it is being sent -- spent and having more of a say in it. So this is the latest list on the top donors -- Carol.
LIN: All right. Mary, in the meantime, how are the markets shaping up today?
SNOW: Today we are looking at futures right now pointing to a higher opening. This, of course, after the markets lost ground yesterday. The Dow was down 71 points, the Nasdaq down 17 yesterday. This on the heels of concerns about terrorism following the bombings in Turkey.
Today, one of the stocks to watch will be Disney. After the bell yesterday, it reported strong quarterly results and credits "Finding Nemo," also "Pirates of the Caribbean," with helping its bottom line.
LIN: All right, they've had a tough few years, so we'll see what happens with that stock. Thanks so much -- Mary Snow.
SNOW: Sure.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired November 21, 2003 - 06:17 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL LIN, CNN ANCHOR: Time for a little 'Business Buzz.' Can you imagine giving billions of dollars away? Bill Gates can and does.
Mary Snow reports from the Nasdaq market site in Times Square.
Of course he's got the money -- Mary.
MARY SNOW, CNN FINANCIAL NEWS CORRESPONDENT: That's right, Carol, and lots of it. Good morning.
And you know, as this -- we enter the season of giving, "BusinessWeek" took a look at the top givers and Bill and Melinda Gates top that list, pledging a staggering $23 billion, more than half of their net worth. No. 2 on the list, Michael and Susan Dell; No. 3, PeopleSoft co-founder David Duffield and his wife, Cheryl; and eBay's first president topping out the top five list, pledging money for everything from poverty to public schools. And in order to make this list, "BusinessWeek" saying that candidates had to have given or pledged $95 million in the past five years.
And, Carol, what "BusinessWeek" is also pointing out is that traditionally when you think of a philanthropist, you might think of a wealthier person who has passed away pledging lots of money. But they said the tide has really turned that younger people are now pledging their money because they want to see this money put to use and also take a look at how it is being sent -- spent and having more of a say in it. So this is the latest list on the top donors -- Carol.
LIN: All right. Mary, in the meantime, how are the markets shaping up today?
SNOW: Today we are looking at futures right now pointing to a higher opening. This, of course, after the markets lost ground yesterday. The Dow was down 71 points, the Nasdaq down 17 yesterday. This on the heels of concerns about terrorism following the bombings in Turkey.
Today, one of the stocks to watch will be Disney. After the bell yesterday, it reported strong quarterly results and credits "Finding Nemo," also "Pirates of the Caribbean," with helping its bottom line.
LIN: All right, they've had a tough few years, so we'll see what happens with that stock. Thanks so much -- Mary Snow.
SNOW: Sure.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
