Millionaires want billionaires to give to charities

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.