Philanthropist pledges €1.5bn to charities

SCOTLAND’s richest man has pledged to donate £1 billion (€1.5bn) to charity.

Tom Hunter plans to give the money to good causes in Britain and developing countries during his lifetime through his charitable foundation, his spokesman said.

The entrepreneur and philanthropist said: “There is more great wealth in fewer hands today than ever before in history. My own personal belief is that with great wealth comes great responsibility. Therefore you’ve got to take care of these things if wealth creation is still going to be seen as a positive force by the rest of the population.”