How much money do the very wealthy need to stop the search for more?
At what point is it right to give a lot of wealth away? And how much money is a decent and smart amount to donate to the right cause?
Bill Gates may be a good person to ask these tricky questions about philanthropy, should you ever get the chance. Not only is the Microsoft mogul Planet Earth’s richest person, but he also heads up the world’s biggest charitable enterprise.
And he has just made the single biggest charitable donation of 2017.
Gates has donated £3.6 billion to his own charitable foundation, the biggest philanthropic injection of money since its set up back in 2000.
US Securities and Exchange Commission documents revealed this week that a donation of 64 million Microsoft shares had been made by Gates to the Bill & Melinda Gates Foundation – the body aiming to reduce developing world poverty through a series of health initiatives.