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Russian, Ukrainian tycoons pledge half fortune to charity

Russia's Vladimir Potanin and Ukraine's Victor Pinchuk pledged Tuesday to give half of their fortunes to charity, becoming the first tycoons from ex-Soviet Union to join a global drive by the world's richest people to share their wealth. Russian industrial magnate Potanin, 52, and Pinchuk, the Ukrainian metals and media tycoon, also 52, said that by joining the Giving Pledge initiative led by Bill Gates and Warren Buffett they hoped to inspire other rich people to share their wealth.

Ukrainian tycoon pledges half fortune for charity

Viktor Pinchuk, the Ukrainian metals and media tycoon who is the country's second-richest man, said on Tuesday that he would give at least half of his estimated $3.7 billion (2.7-billion-euro) fortune to charity. Pinchuk, 52, becomes the first national from ex-Soviet Ukraine to join the effort by Bill Gates and Warren Buffett to encourage the world's richest people to share their wealth. Pinchuk said he felt it was his duty to invest at least half of his fortune in education, healthcare and the arts.
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