From Buffett to Bono, here is how todays leading philanthropists are revolutionizing the field, using new methods to have a vastly greater impact on the world.
For philanthropists of the past, charity was often a matter of simply giving money away. For the philanthrocapitalists, the new generation of billionaires who are reshaping the way they give, its like business. Largely trained in the corporate world, these social investors are using big-business-style strategies and expecting results and accountability to match. Bill Gates, the worlds richest man, is leading the way: he has promised his entire fortune to finding a cure for the diseases that kill millions of children in the poorest countries in the world.
In Philanthrocapitalism, Matthew Bishop and Michael Green examine this new movement and its implications. Proceeding from interviews with some of the most powerful people on the planet—including Gates, Bill Clinton, Warren Buffett, Oprah Winfrey, and Bono, among others—they show how a web of wealthy, motivated donors has set out to change the world.
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About the Author
Matthew Bishop is chief business writer of the Economist. Michael Green is an expert on the relationship between government and the nongovernmental sector, particularly in the field of international development. Bishop lives in London, Green in New York.