Why Bill Gates Isn’t A Good Billionaire

Bill Gates is the biggest American philanthropist. His foundation is the world’s largest private charity, with a $67 billion endowment. How does that money get spent and where does it go to?

Author Tim Schwab followed the money for his investigations into the Bill and Melinda Gates Foundation. Organizations like the foundation are not held to the same transparency standards as super PACs and public companies, yet have the ability to influence the world even more. Schwab considers Gates one of the most powerful and least scrutinized political actors of our time.

Perhaps one reason, besides the general lack of understanding of how philanthropy works, that Gates slides by without criticism is what he presents to spend money on: issues like birth control, feeding the poor, and eradicating disease. However, despite the billions spent, we still live in a sick and poor world.

While nearly half of the Gates foundation money comes from the public and governments, the foundation donates money to private companies to solve these issues. And while they present to spend money on the global poor, the majority of the funding is going to wealthy nations. We talk about these contraindications and more with the author of ‘The Bill Gates Problem: The Myth of the Good Billionaire.’

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