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Last updateTue, 17 Mar 2015 2pm

Wipro founder Azim Premji signs up to the 'Giving Pledge'

The billionaire founder of Indian IT firm Wipro has pledged to give away his wealth after signing up to the ‘Giving Pledge’, the philanthropy campaign begun by Bill Gates and Warren Buffet.

Azim Premji, 67, made the pledge in a letter to the first international ‘Giving Pledge’ conference, outlining his plans to increase funding for educational initiatives.

Mr Premji is one of India’s leading philanthropists and has already donated some $2 billion of his $13 billion fortune to the Azim Premji Foundation.

In the letter, Mr Premji said the Foundation currently had 800 people spread across India working some of the poorest regions of the country.  

“The Foundation plans to scale up to 4000 – 5000 people over the next five years.  Even as we execute this strategy, I am aware that ensuring stable funding source is critical for its success. I am committed to transferring more of my wealth to scale up the Endowment of the Foundation,” he added.

Premji called on the world’s wealthiest to “contribute significantly” to those less fortunate.

Gates’ and Warren’s ‘Giving Pledge’ was first set up in 2009 as a way of encouraging the richest Americans to give away most of their wealth to philanthropic causes.

 

The campaign has since signed some 100 billionaires including non-US citizens, including Sir Richard Branson and now Premji.

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