Tags: carl icahn | bill gross | giving pledge | warren buffett

Carl Icahn: Bill Gross Should Join Giving Pledge Like I Did

Monday, 28 Oct 2013 12:24 PM

Billionaire investor Carl Icahn said Pacific Investment Management Co.’s Bill Gross should join him in pledging to give at least half his wealth to charity, after Gross urged Icahn to dedicate more time to helping people instead of pushing Apple Inc. to buy shares.

“If you really want to do good, why not join” the Giving Pledge, Icahn wrote in a message on Twitter, referring to a group that Bill Gates and investor Warren Buffett founded to encourage the world’s richest to give the majority of their wealth to charity.

Last week, Gross said Icahn should leave Apple alone and spend more time like Gates, the Microsoft Corp. co-founder and world’s richest man who, together with his wife Melinda, started a foundation aimed at improving people’s lives.

Icahn, ranked 34th on the Bloomberg Billionaires Index of the world’s richest people with a personal wealth of $21.2 billion, is pushing Apple to buy back $150 billion of shares and has criticized the board for not acting to enhance value.

Icahn has signed the Giving Pledge. In 2012, Icahn gave $200 million to the Mount Sinai School of Medicine, the biggest donation ever to the New York City teaching hospital.

Gross’s personal wealth is estimated at $2 billion. The 69-year-old, manager of the world’s biggest mutual fund, has endowed a foundation with $293 million in assets and raised money for Doctors Without Borders, a medical charity, by selling parts of his stamp collection.

Mark Porterfield, a spokesman for Newport Beach, California-based Pimco, declined to comment last week on whether Gross had signed the pledge.

Porterfield didn’t immediately respond to an e-mail seeking comment.

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