Billionaire’s dilemma- "Anybody who dies rich, dies disgraced."
Bill Gates and Warren Buffet have shut the door on pomp and pageantry of billionaires. Yachts, private planes and big acreage houses in choicest of locations were so far billionaire’s definition of high life.
Not any more, the new definition demands how much of ones monies are available for humanity at large. Whatever Microsoft did in last twenty five so years of its existence terms of monopolistic business practices, antitrust violations and unfair or unlawful business practices have all been washed with a huge donation of most of his Microsoft stock to Bill & Melinda Gates Foundation, founded in 2000. Warren Buffet recently topped another 32 billon and added a new shine to the huge coffers.
Laxmi Mittal and Abramovich are left with a steep wall to climb. So far it was amassing wealth that made news with Buffet and Gates philanthropy it is giving that is going to make new waves of sorts. Roman Arkadievich Abramovich listed by Forbes Magazine as the richest Russian, 2nd richest person in Britain and the 11th richest person in the world with an estimated fortune of $18.2 billion. Abramovich is most famous outside of Russia as the owner of Chelsea F.C., an English Premiership football club. Abramovich known as a fan of Formula One and is often seen in the paddock at races; he owns a private Boeing 767-300 (registration P4-MES) known as "The Bandit" due to its paint scheme as well as several Eurocopter helicopters based on his superyachts Le Grand Bleu, Extasea and Pelorusin.He recently purchased the cherished car registration "VIP1" for £285,000.
Notoroiusly reniowned for the the 20-page invitation cased in silver for his daughter's wedding and the Rs 200 crore celebration near Paris in Palace Versailles.
Laxmi Mital after five months of playing hardball in European boardrooms and chancelleries, a relaxed and expansive Lakshmi Mittal won over in Luxembourg European steel champion Arcelor's shareholders who voted by an overwhelming majority to reject the proposed merger with Russian oligarch Alexei Mordashov's Severstal.
There are two kinds of billionaires now the unassuming, modest manners who talk more about philanthropies and Roman Abramovich and Mittal kind. The Mittals and Roman Abramovich would now have to learn a new trade on the ropes summarized by Andrew Carnegie's at best "Anybody who dies rich, dies disgraced."
Warren Buffet and Bill Gates, the richest of the rich, symbolizes this ethic — they are busy giving away most of their fortune while they are still alive. This is the most intricate of acts and most splendid, man typically in no way leave their holdings, the way Gates and Buffet washed their hands off their holdings signals and end to an epoch of charges corporate greed and manipulation. Antitrust and illegal practices of Microsoft are now a distant past, as far as Microsoft becomes big to be a tool of help to poor at large no crime of monopoly and antitrust will ever stick. Rather being billionaire now is complex business; it is how much one gives away that matters and no more what one has.
Thanks Mr. Gates and Buffet for rewriting the ethics of billionaires conduct.
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