April 23, 2014

Breaking News:

Keyshawn Johnson Arrested -

Monday, April 21, 2014

Chris Brown’s Bodyguard Found Guilty -

Monday, April 21, 2014

Knicks Fire Mike Woodson -

Monday, April 21, 2014

Earthquake Shakes Mexico City -

Friday, April 18, 2014

Suspicious Packages Found At Boston Marathon -

Wednesday, April 16, 2014

200 Hundred Dead Or Injured In Bus Station Bombing -

Monday, April 14, 2014

Aldon Smith Arrested At LAX -

Sunday, April 13, 2014

Three Dead In Jewish Community Center Shooting -

Sunday, April 13, 2014

Stephen Colbert Named New Host Of The Late Show -

Thursday, April 10, 2014

UMass Guard Becomes First Openly Gay Player In D-1 Basketball -

Wednesday, April 9, 2014

Six Injured In High School Stabbings -

Wednesday, April 9, 2014

Active Shooter Reported At Portsmouth Naval Hospital -

Tuesday, April 8, 2014

Judge Rejects Request To Dismiss Chris Brown Case -

Monday, April 7, 2014

U.S. Pinger Locator Detects Signal -

Monday, April 7, 2014

Ship Detects Pulse Signal In Search Of Missing Plane -

Saturday, April 5, 2014

7.8 Aftershock Shakes Chile -

Thursday, April 3, 2014

Shooting Reported At Fort Hood -

Wednesday, April 2, 2014

5.8 Earthquake Strikes Off Coast Of Panama -

Wednesday, April 2, 2014

Tiger Woods Withdraws From The Masters -

Tuesday, April 1, 2014

North Korea, South Korea Exchange Fire Near Border -

Monday, March 31, 2014

African Billionaire Giving Poor Half His Fortune

African Billionaire Giving Poor Half His Fortune

( 4UMF NEWS ) African Billionaire Giving Poor Half His Fortune:

South Africa‘s first and only black billionaire announced Wednesday that he will give away half of his fortune to improve the lives of the poor and marginalized.

Patrice Motsepe, founder and executive chairman of African Rainbow Minerals, is the first African to join Bill Gates and Warren Buffet‘s Giving Pledge, which encourages billionaires to donate at least half of their wealth to philanthropic causes of their choice.

Motsepe said he drew inspiration from the African humanist philosophy of “Ubuntu,” which translates to “I am because you are.”

“South Africans are caring, compassionate and loving people,” Motsepe said. “It has always been part of our culture and tradition to assist and care for less fortunate and marginalised members of our communities. This culture is also embodied in the spirit and tradition of ubuntu/botho.”

Motsep has a net worth of $2.65 billion, Forbes estimates. The money will go toward the Motsepe Family Foundation, which is committed improve the living conditions of the poor, disabled, unemployed and disenfranchised South Africans.

“I decided quite some time ago to give at least half of the funds generated by our family assets to uplift poor and other disadvantaged and marginalised South Africans but was also duty-bound and committed to ensuring that it would be done in a way that protects the interests and retains the confidence of our shareholders and investors,” said Motsepe.

The mining magnate’s wife hopes that the decision will undermine the notion that Africans merely wait for outside help and do not take proactive measures to confront problems, reported the BBC.

“Yes we’ve got challenges but we also have an opportunity, particularly in this century, to turn our continent around and portray Africa in a positive light,” she said. “We can begin to do things for ourselves that show the world that not only are we recipients of aid but we can also begin to do things for ourselves.”

Motsepe formerly announced his decision at the Southern Sun Hotel in Johannesburg. Gates praised Motsepe’s charity via a live video that was broadcast in the hotel.

“It was a wonderful thing to hear how the Motsepes really, as part of their moral conviction as a family, believe in giving back. I want to congratulate them,” Gates said.