Azim Premji joins hands with Gates-Buffet for philanthropy

Wipro's chairman and founder Azim Premji, believed to be the India's third richest man as per a survey, has become first Indian to sign up for Giving Pledge, an undertaking dedicated towards philanthropy where world's richest men like Warren Buffet and Bill Gates have already pledged a major share of their wealth.

"I was deeply influenced by Gandhi's notion of holding one's wealth in trusteeship, to be used for the betterment of society and not as if one owned it," Premji wrote to the Giving Pledge organisation.

Giving Pledge is the organisation where Buffett, the world's fourth-richest man with a fortune of USD 53 billion, will give away 99 per cent of his wealth, and Gates, the world's second-wealthiest man, will donate at least half his riches in keeping with the pledge.

Premji, who has already committed nearly Rs 9,000 crore to the cause of education, has always been an ardent supporter and promoter of the cause of philanthropy as he recently brought together various super-rich Indians to discuss humanity in the first such gathering of its kind in the country.

Those who know him closely believe that Premji leads a generally economical life and doesn't like staying in 5-star hotels.

Read more about: wipro
Story first published: Wednesday, February 20, 2013, 10:30 [IST]
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