GABM'S $10-MILLION DONATION TO ASIAN TSUNAMI DISASTER FUND


By Jens Dvorak, International News Network

The Global Association of Billionaires and Millionaires (GABM) has pledged $10-million to the Asian Tsunami Disaster Fund.

President of GABM, Mr. Jorgé Vicente, said the Tsunami disaster created enormous destruction to both people and property infrastructure.

"This donation by our members clearly reflects GABM's policy of corporate responsibility towards social development and upliftment," Mr. Vicente said.

GABM - part of the Paulsmeier Inc. Group which is based in Cape Town, South Africa - consists of many international billionaires and millionaires. Its objective is to overall add value to the global economy collective through responsible corporate support and contribution.