BY Joan Baxter
Bill Gates hobnobs with elected leaders at COP21 in Paris. Copyright DW/ N. Pontes
In many places and among many people, he’s revered, a man whose charitable giving accords him selfless, almost saint-like status. But it’s not as if Bill Gates, founder of Microsoft, is actually shedding any of his vast wealth, no matter how much noise is made about his generosity.
This year, for the sixteeth time in just 21 years, Bill Gates tops the Forbes list of the richest people in the world. With 1,826 billionaires on that list in 2015, worth a total of US$ 7.05 trillion, it’s no small feat to be Number One.
Gates (unlike genuine saints) is very good at making money from money; according to Forbes in the past six years he has almost doubled his fortune and is now worth nearly $80 billion. That’s a good deal more than the Gross Domestic Product of 46 of the 49 countries in sub-Saharan Africa.
This despite his reputation as the world’s number one giver-of-money and “philanthropist”, determined to “help thousands and millions” out of poverty. Continue reading Philanthrocapitalism – all the power that billions can buy