Many of the world’s multimillionaires are limiting donations to charities because they believe that this is the responsibility of billionaires, according to a survey.

The study of 400 people in nine countries with personal assets of $6.5 million or more found that 75 percent believe philanthropy is the responsibility of those wealthier than themselves.

The results of the survey were published on Nov 15.

Millionaires want billionaires to give to charities



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