Jun. 07, 2010 - New York, New York, U.S. - Designer DIANE VON FURSTENBERG attends the 2010 CFDA Fashion Awards held at the Alice Tully Hall at Lincoln Center. © Red Carpet Pictures

Diane Von Furstenberg, who was once dubbed by Newsweek as “the most marketable female in fashion since Coco Chanel” is now giving back. InStyle reports that Von Furstenberg pledges to give half her personal wealth to The Giving Pledge – a charity started by Warren Buffet and Bill gates that gets rich folks to donate half their fortunes either during the course of their lives or after.