Billionaires Who Won't Leave Their Entire Fortune to Their Kids

Some tycoons in the financial world are committed to donating the bulk of their wealth to charity.
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By Larissa Fernand |  21-02-14
 “We will continue to give away all of the wealth we have been so fortunate to make except for a very small percentage allocated to our children and grandchildren. We are firm believers that shrouds don't have pockets.”
- Sanford Weill
 
In 1981, American Express bought Shearson Loeb Rhoades, at that time Wall Street's second-largest brokerage house, for around $915 million in stock (the exact amount is debated). During this period, Weill was chairman of Shearson. He later moved to Citigroup. According to TIME, the former chief executive and chairman of Citigroup was one of the 25 people to blame for the financial crisis.
 
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