Bill Gates vows to give away 99 per cent of his fortune by 2045
Bill Gates vows to give away 99 per cent of his fortune by 2045
“I will give away virtually all my wealth”: The Microsoft billionaire has pledged his foundation will distribute $US200 billion over the next 20 years.
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The sad thing is that even if he gives away 99% of his wealth he will still be obscenely rich. Multitudes richer than the average man.
That’s not necessarily sad. It can show all these billionaires that they will still be ridiculously wealthy without hoarding
Ridiculous wealth is still a hoard.
That’s very true. No body needs a $500m yacht, like Bill Gates has. I think Zuckerfuck has one too. Elon doesn’t look like a boat guy to me. Although… he might have a submarine. Let’s hope it’s carbon fiber.
Also these people: Zhong Shanshan, Zhang Yiming, Ma Huateng, Colin Huang, Robin Zeng, William Lei Ding, He Xiangjian, Lei Jun, Jack Ma, Wang Chuanfu, Huang Shilin, Li Shufu, Wang Wei, Lu Xiangyang, Qin Yinglin, Qi Shi, Dang Yanbao, Zhang Zhidong, Zheng Shuliang, Wang Xing… to name a few.
Yes.
Since you mentioned a lot of Chinese names, I have to give their government props for jailing and executing[1] a few of them. [Further reading]
But I thought billionaires couldn’t exist under communism? I’m sure there’s a diagram around here somewhere. Oh here it is.
The communist mode of production isn't a magic switch that a communist movement can suddenly flip on. That would be silly, capitalism didn't just suddenly appear and create billionaires like that either.
If you're actually asking that question sincerely, this article I already posted gives a concrete answer to your question.
But they'll drop hundreds of places on the leaderboard!
I'm pretty sure a billionaire hoards by definition
So then, Bill isn't a billionaire, by definition?
But honestly it does kinda fit, someone like Elon Musk is a billionaire with the sole goal of gaining more useless wealth at any costs, while Gates kinda realised over three decades ago that he has so much already he doesn't have a need to actually get more.
He's already given around $100 billion in donations, and probably actually would have ran out of money by now if not for the fact that even though he has sold off his Microsoft stock from the initial 45% down to just around 1%, that 1% has been growing like crazy -15 years ago, it would have been worth around $2.5 billion, today it's over $40 billion.That original 45% would be worth 1.5 trillion today, btw.