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The Giving Pledge's popularity is fading as billionaires withdraw amid scrutiny over transparency and political ties.
The Giving Pledge, founded by Warren Buffett and Bill Gates in 2010, is seeing a sharp decline in new signups, with only four billionaires joining in 2024 and 43 in the past five years.
Once a high-profile movement, it now faces waning interest among American billionaires, amid growing skepticism over its influence, transparency, and political ties.
Criticism has intensified due to the Gates Foundation’s associations with Jeffrey Epstein, funding for controversial social initiatives, and perceived political agendas.
Buffett has ended donations to the foundation and cut ties with a linked donor network, while some signatories have withdrawn.
Despite rising global billionaire wealth, the pledge’s appeal has diminished, reflecting broader public distrust in elite philanthropy.
La popularidad del Giving Pledge se está desvaneciendo a medida que los multimillonarios se retiran en medio del escrutinio sobre la transparencia y los vínculos políticos.