John Paulson Most Likely To Next Sign Buffett, Gates "Giving Pledge"

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Aug 18, 2010
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Hedge fund manager John Paulson is most likely to be the next billionaire who will sign Warren Buffett and Bill Gates’ “Giving Pledge.”

That’s what the people behind the odds-making and gambling Web site Bookmaker.com determined.

Bookmaker recently ran a list of 19 billionaires, including many guru hedge fund investors tracked on this site, and allowed people to bet on which one was most likely to next sign the pledge.

The team at Bookmaker.com came up with the idea and calculated the odds for each billionaire by analyzing media reports and expert opinions being published lately on the topic, according to a spokeswoman for the site.

Paulson topped the odds list with an 11.8 percent chance of signing. He was followed by fellow billionaire investors Carl Icahn and George Soros, at 11.1 percent and 10.5 percent respectively.

Buffett and Gates have publicly challenged billionaires to give away the majority of their wealth to charity, as they themselves have done. Each person who agrees to it pledges the gift publicly and submits a letter explaining his or her decision. It’s not a legal contract but is a moral commitment.

So far 40 families or individuals—including Buffett, Gates, Larry Ellison, Barron Hilton, George Lucas, Michael Bloomberg, Barry Diller, Ted Turner, T. Boone Pickens and Paul Allen—have signed on.

The information was up on the Bookmaker site for about two weeks, during which gamblers could place their bets. Their bets did not affect the odds.

The odds have now been taken down from the site, but the spokeswoman sent them to me. Here are the 19 names in order of the perceived likelihood of a massive charitable gift. We’ll see if they end up being predictive.


JOHN PAULSON11.8 percent
CARL ICAHN11.1 percent
GEORGE SOROS10.5 percent
PETER THIEL9.1 percent
MARC LASRY9.1 percent
STEVE MANDEL JR8.3 percent
KEN GRIFFIN8.3 percent
DANIEL OCH8.3 percent
PHIL FALCONE8 percent
STEVE COHEN7.9 percent
STEPHEN SCHWARZMAN7.8 percent
LOUIS BACON JR7.7 percent
ALAN HOWARD7 percent
EDDIE LAMPERT7 percent
ROBERT BASS6.75 percent
RAY DALIO6.5 percent
PAUL TUDOR JONES II6 percent
DAVID TEPPER5.9 percent
BRUCE KOVNER1 percent