< 1 min read
October 3, 2014
Why are India's billionaires "so bad at charity"? One explanation: Study suggests that heirs are less likely to be charitable than the self-made.
"Ever wondered why Indian billionaires are so bad at charity? A study by economists from the University of Southampton now helps to know why. Economists suggest that billionaires who have built their own fortunes are more likely to pledge to donate a large portion of their wealth to charities, than those who are heirs to family fortunes." -- Kounteya Sinha, the Times of India