Women Billionaires
Recently, we have been hearing more about women billionaires giving away money to charity. Sara Blakely, founder of Spanx, signed the Giving Pledge to promise to give away more than half of her wealth during her lifetime or after death. Steve Jobs’ widow Laurene Powell Jobs has also been making headlines for stepping into the spotlight and making her philanthropy public.  But are women really better philanthropists?

Although the number of women billionaires donating huge sums of money to charities are few and far between, the number of women working at any level in the nonprofit sector is impressive. Almost three-quarters of employees in the nonprofit sector are women, and nearly half of the CEOs are women as well. Women also have a track record of being committed and invested in the projects they support, and they typically have a better understanding of some of the world’s most pressing issues–particularly women’s and girls’ rights. Women’s interest in these key issues seems to support the point that they would be more involved and determined to find solutions to problems that are relatable to them personally.

Many studies have shown that by empowering the females in a developing nation, the country is likely to see a vast improvement. When women are determined to help women, that goal may be more attainable. Women may or may not make better philanthropists than men, but with more women billionaires in powerful positions to make important decisions about key global issues, we could see an increase in the focus on women’s rights around the world.

– Katie Brockman
Source:: Fast Company

Sara Blakely joins the Giving Pledge by donating half of her fortune. In doing so, Blakely, the inventor of Spanx, becomes the first female billionaire to pledge. The Gates Foundation also signed seven new additional billionaires along with Blakely.

Blakely said that Bill and Melinda Gates encouraged her to join and took her out to dinner to discuss their foundation.

Blakely has used her success to focus on helping girls and women. Recently, she donated $100,000 to The Empowerment Plan,a campaign in Detroit that helps to create jobs for homeless women by paying them to produce sleeping-bag coats for other people sleeping on the streets.

The eight other new Giving Pledge signatories include hedge fund billionaire Paul Singer, real estate investor and Miami Dolphins majority owner Stephen Ross, telecoms guru Craig McCaw and wife Susan, coal mining mogul Joe Craft, British politician Lord Ashcroft, Sequoia Capital’s Mark Stevens and wife Mary, Koret Foundation head Ted Taube, and textile tycoon Samuel Yin.

– Essee Oruma
Source: Global Post
Photo: ABC News