Domino’s Pizza founder Tom Monaghan entered the world penniless and plans to leave it the same way.
Monaghan, 73, an orphan abandoned by his mother, has used the billions he’s earned from starting one of the world’s largest pizza chains to benefit others.
Now Monaghan has joined “The Giving Pledge,” a $125 billion charity drive organized by Bill Gates that involves some of the wealthiest families in the world.
“I think it’s a great idea to encourage people who have that kind of money to give it to charity,” Monaghan said. “When Bill (Gates) recently contacted me, I was more than happy to participate. I’ve already committed virtually everything I have to charities.”
Gates and Buffett convinced 40 others worth an estimated $251 billion to promise to donate at least half their wealth to charity.