Microsoft Co-Founder Pledges Fortune to Philanthropy

Microsoft co-founder Paul Allen says he will donate most of his $13.5 billion fortune to philanthropy after he dies.

Allen follows in the footsteps of former business partner Bill Gates and billionaire investor Warren Buffett, who have both pledged the vast majority of their wealth to philanthropy. Allen, the 37th richest person in the world according to Forbes magazine, co-founded Microsoft in 1975 with Gates and resigned as an executive in 1983 as he overcame a first bout with cancer.

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