This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Mark Zuckerberg, Warren Buffett and Other Big-Heart Billionaires Have no Heart, Poll Says

NEW YORK ( TheStreet) -- The unflattering Hollywood movie portrait of Facebook founder Mark Zuckerberg, The Social Network was the biggest winner at the box office over the weekend. It seems America likes seeing their billionaires being given the thumbs down. But it's not just Zuckerberg who is coming in for some billionaire criticism.

Facebook's Zuckerberg has been in the news of late, and not just because of the unflattering celluloid portrait provided by The Social Network. Zuckerberg also recently made the list of the richest Americans, the Forbes 400. At No. 35 on the Forbes 400, Zuckerberg passed old media tycoon Rupert Murdoch of News Corp. (NWSA).




All that sudden social media wealth was a problem for Zuckerberg, and with the Forbes list making his wealth prominent and The Social Network making his road to acquiring that wealth a subject of controversy, Zuckerberg launched himself into the world of billionaire giving.

On the same day that the Forbes 400 was revealed, and a week before America became a fan of the The Social Network, Zuckerberg announced a $100 million donation to Newark's public school system. Zuckerberg didn't play the part of the big-hearted billionaire in quiet, but with media fanfare, appearing on Oprah to announce the donation.

Zuckerberg's two-sided public face -- one the negative movie profile and the other the glowing angle offered by the Facebook founder's philanthropic giving -- posed an old question about the big-hearted billionaires.

Are the charitable aims of the world's richest individuals a true sign of generosity or a sloughing off the immense guilt that comes with extracting such an outsized percentage of global income?

In the least, is billionaire giving to be taken at face value as coming from big-hearted individuals regardless of the bigness of wallet, or are gifts the likes of which Facebook's Zuckerberg made merely an attempt to curry favor with the public?


1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs