Kiran Mazumdar Shaw, chairman and managing director of bio-pharma major Biocon has joined the Giving Pledge, a philanthropic initiative of billionaires Warren Buffett and Bill and Melinda Gates. She has pledged half of her wealth towards philanthropic activities.
Shaw is the second Indian to join the select group of global philanthropists after Wipro chairman Azim Premji. She was one among 17 individuals and families that took the pledge since June 2015, bringing the current total of signatories to 154 from 16 countries. The Giving Pledge is a multi-generational, global initiative created by Warren Buffett, Bill and Melinda Gates that encourages billionaires to give the majority of their wealth to philanthropic causes.
“I am inspired to join Bill & Melinda Gates and the growing fraternity of the Giving Pledge in their philanthropic efforts to make this world a better place. I have been giving away half of my income towards philanthropy on an annual basis. My will reflects this intent very succinctly,” Mazumdar-Shaw said in a statement.
The Giving Pledge is a global effort to help address society’s most pressing problems by encouraging the wealthiest families to give the majority of their wealth to philanthropic causes.
“I am particularly concerned about the unbearable financial burden that debilitating diseases like cancer impose on patients in poor countries,” Shaw said.
She has also created a large cancer care centre, a 1,400-bed Mazumdar-Shaw Cancer Centre (MSCC) in partnership with Dr Devi Shetty to deliver affordable cancer care to masses.