Nan Goldin’s opioid protest campaign means Sackler money is no longer welcome at the Tate, and the National Portrait Gallery is now poorer by £1mConsumers of culture will have been aware of the name “Sackler” above the frame of rooms and galleries in a…Read more
The former Starbucks CEO’s attempt to rebrand the b-word shows how the super-rich justify their immense wealthHoward Schultz is worth around $3.4bn. While one might think that would make the former Starbucks CEO and would-be presidential candidate a “b…Read more
Some of the Musk Foundation’s largest grants have been given to his brother’s charity, his children’s school and his fight against LA trafficThe entire website of Elon Musk’s private charitable foundation is shorter than many of the Tesla CEO’s content…Read more
Today’s titans of tech and finance want to solve the world’s problems, as long as the solutions never, ever threaten their own wealth and power. By Anand GiridharadasA successful society is a progress machine. It takes in the raw material of innovation…Read more
Amazon CEO will launch $2bn fund to help homeless families and low-income communitiesAmazon chief Jeff Bezos is launching a $2bn fund to help homeless families and build a network of preschools, saying the “child will be the customer” in his philanthro…Read more
Irlam’s fortunes have been transformed by its wealthy son, TalkTalk founder Neil McArthur. But should this model be replicated elsewhere?Neil McArthur has never forgotten the words uttered to him by a London-based property guru when he said he wanted t…Read more
Billionaire philanthropist returns as hate figure with his ‘plot’ to stop BrexitThe billionaire financier and philanthropist George Soros makes an easy and a useful enemy: he is a liberal, a generous promoter of democracy, human rights and open borders…Read more
More and more wealthy CEOs are pledging to give away parts of their fortunes – often to help fix problems their companies caused. Some call this ‘philanthrocapitalism’, but is it just corporate hypocrisy? By Carl Rhodes and Peter BloomIn February 2017,…Read more
Many billionaires try to influence the politics of countries that aren’t their own. Most do so by stealth but George Soros is open – and usually right
George Soros is hardly the first billionaire to spend some of his money trying to influence the policies of countries where he does not live or have a vote: the papers that have led the charge against his funding of anti-Brexit organisations are all owned by such men even if none is as rich as he is. And his decision to spend money campaigning for the remain cause should be welcomed. The public gift of another £100,000 to Best for Britain, a campaign group fighting to stay in the EU, could not be a better gesture of defiance at his enemies after he had been accused of masterminding a private campaign for the same end.
Mr Soros has for years been the target of organised hate campaigns, often coloured with antisemitism, which seem to go far beyond the hostility aimed at other international power figures. Only Rupert Murdoch enjoys a similar reputation as a sinister manipulator of democratic governments, and he is the target of much less orchestrated loathing.Read more
Although nearly £10bn was donated to UK charities last year, the wealthy in the US give far more of their cash to good causes
Britons donated nearly £10bn to charity last year, but philanthropy in the UK has a long way to go before it matches the culture of charitable largesse in the US.
The numbers illustrate the difference: an estimated $390bn (£293bn) was donated in the world’s largest economy in 2016. The sheer scale of the US, with a population five times the size of the UK and six times as many millionaires, explains some of the disparity. But there are also political and social factors that explain the size of the transatlantic giving gap.Read more