""I learned early on in Sunday school, from Mr. and Mrs. Levin, to know when enough is enough. Also, I should treat people like I want to be treated.""
""A few years later, they taught me that I should help 'repair the world.' I got lucky with my stuff, but I don't need the money, so I'm giving it away.""
""Craigslist stayed lean, largely free, and lightly monetized, while still turning him into a self-described nerd of means.""
""In 2025, he signed the Giving Pledge, an effort started by Bill Gates, Melinda French Gates, and Warren Buffett in 2010 that encourages the ultrawealthy to commit to giving away the vast majority of their fortunes.""
Billionaires engage in philanthropy for diverse motivations, ranging from genuine altruism to self-serving interests. Craig Newmark, founder of Craigslist, committed to donating his wealth to causes like disinformation and cybersecurity. Influenced by early lessons in Sunday school, he believes in giving back and helping others. Newmark's wealth, estimated at $1.3 billion, stems from Craigslist's success, which transformed local advertising. In 2025, he signed the Giving Pledge, joining other wealthy individuals in a commitment to philanthropy.
Read at Fortune
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