Latin America's rich should donate more - 09/20/2007 - MiamiHerald.com

Latin America's rich should donate more - 09/20/2007 - MiamiHerald.com: "Latin America's rich should donate more Posted on Thu, Sep. 20, 2007 Digg del.icio.us AIM reprint print email BY ANDRES OPPENHEIMER aoppenheimer@MiamiHerald.com Mexico's Carlos Slim, by some measures the world's richest man, made news this week by donating $500 million to a Latin American Health Fund. But a new study makes me wonder whether the region's business tycoons are as generous as they should be. World Wealth Report 2007, a study of the world's richest investors by Capgemini and Merrill Lynch, found that Latin America's wealthy devote only 3 percent of their financial assets to charitable donations. Comparatively, Asian tycoons donate 12 percent of their money, the Middle Eastern rich 8 percent, Americans 8 percent and Europeans 5 percent."