What is the collective noun for billionaires? A gecko, perhaps? If so, a gecko of 40 American billionaires, led by Warren Buffett and Bill Gates, recently pledged to give away at least half their enormous private fortunes to charity, transforming themselves overnight into a virtue of philanthropists.
However, if New York City Mayor Michael Bloomberg (himself worth $17.5 billion) is to be believed, they were motivated as much by the frustrations of excessive wealth as by a desire to acquire a more flattering collective noun. He was quoted as saying "wealth reached a point where billionaires have so much that they simply cannot spend it."
To my way of thinking, they're just not trying hard enough.
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