Bill Gates and the Gates Foundation will probably eradicate polio.
Before people jump on the bandwagon about how Gates is evil and problematic, that there are no virtuous billionaires, and a government or an NGO or an equivalent should have been the one to do it... I know. But the question was "name one billionaire that's done anything good," and I think it's pretty difficult to argue that eradicating polio isn't good.
That's not how vaccines work. The illness is already there, it's not like people get sick after you introduce a vaccine into the system. So the "market" has always been there and every dose administered is great.
The point of eradication is that once a disease is gone, you don't need to vaccinate against it any more. You've probably never been vaccinated against smallpox, for example.
It's pretty easy to come up with some things billionaires have done that are good. Bill Gates funding cures and prevention of diseases in the third world is one that comes to mind.
Now, if we're talking about finding an example of a billionaire whose life is on balance a good thing for humanity...that's pretty much impossible.
Sure but, considering they use only 5% of the money they have for all there "good" projects and invest the ither 95% in fossil fuels. The gates Foundation is really only a little good because the law forces them to use min of 5%, to stay tax exempt. So if they didn't have to, would they still do it?
I doubt that.
Paul Allen funded a bunch of scientific and medical research, as well as quite a few museums and other public works around Seattle. He was the largest private donor to the fight against Ebola in Africa.
Sergey Brin is a big Wikimedia contributor, as came out a few years back when their donor list leaked.
I love a quote I read once in a thing about alignment. "If you fix twenty neighbor's roofs, you're Jimmy the Helpful Thatcher. But if you eat the neighbor's daughter, you're Jimmy the Cannibal, and no amount of additional carpentry assistance will change that."
Yeah, the wording of OP's question is dumb for this reason. What person on this planet has done literally only evil things? A better question would be more like "What billionaire is genuinely a good person and why?" Personally the size of my list of "overall good" billionaires is a rounding error but at least the thread would be more interesting.
There’s a lot. In the late 1800s it started becoming something of a tradition for billionaires to move on to philanthropy after their retirement. J.D. Rockefeller was worth several hundred billion dollars in today’s money. He gave away close to 200 billion of it.
A more modern example that people have brought up is Bill Gates.
This is probably a slightly misguided idea to go after them as bad people because as soon as they do do something "good" you leave the door open for people to think that perhaps on balance they're not so bad after all.
The problem of billionaires being billionaires is itself the chief complaint people should have. It doesn't matter if they're Mr Rogers and Santa Claus combined, because they can choose to be so entirely at will and can be selfish assholes too entirely at will. They can also be other things entirely, given they are actually human beings after all they can try to act on best intentions, but like all humans, with great ignorance or with flawed thinking. When you or I do that the consequences can be terrible, but mostly, we'd be unable to come close to the scale of impact these demi gods can leave in their wake, not to mention the "original sins" that allowed them to become billionaires in the first place leaving a legacy of nasty indirect consequences for society at large.
There's actually a lot of examples of billionaires philanthropy and as you likely expected to point out when people mentioned that, some of those acts hide less pure intention, but undoubtedly they probably really did do some good and that itself is enough to completely undermine your whole point that they never do anything good. The issue is that, with the sheer vast quantity of concentrated wealth and power they can wield, the society that supports them is bereft of a real voice in how it's resources are used. So much of the fruits of our labour end up closed off in private coffers and it undermines public institutions like democratic governments because while we may theoretically have a say in what they do, we legally have no say at all in how a billionaire spends his bucks (and I say his intentionally). They might say we oughtn't since it's their money and no one typically has a say in what the rest of us do with our money but as with most things, there's a point of extreme where this logic becomes perverse.
Can we as a society organize and innovate without billionaires? Even China changed their economy to make them possible.
Right now, writers are on strike. Hollywood workers could invest their time, make movies, and get paid afterwards. But instead, it takes people with money to do the funding.
How should big sums of money be managed? Bureaucrats work to a certain extend but hardly innovate. Which structure could ask a million people to invest a thousand dollars each and offer ethical profits?
Before anyone jumps on me, billionaires suck, without exception, for reasons I don't really need to go into here, you've all heard them a million times over, and whatever good they do does not offset that in the slightest. None of them probably have been or will be a net positive influence in the world.
That said, you can probably pick out a few good things that any individual billionaire has done (and you can absolutely feel free to debate their motivations for doing those things, many of them I'm sure we're done for tax reasons, vanity, etc.)
Some of the old robber barons like Rockefeller and Carnegie (Carnegie was not technically a billionaire, but if you adjusted his wealth for inflation he would be the richest person today by a pretty comfortable margin) funded a lot of universities, libraries, etc.
Bill Gates has done some good work with vaccines despite his shitty business practices with Microsoft.
Musk is overall a shithead, I don't like him, I don't like his companies, I don't even like his vehicles. That said, I think it's pretty fair to say that Tesla has helped (though he is not solely responsible) to kick open the door for EVs to start gaining wider acceptance and adoption. And SpaceX is doing some exciting stuff, though again I dislike a lot of their methods, disagree with a few of their goals, don't like how they're run as a company, etc. But long-term I think we need to have our eyes to the stars, whether it's for settling on other worlds, mining asteroids, asteroid defense, or if I dare dream it, building a Dyson sphere, or just for scientific advancement for it's own sake, and unfortunately SpaceX is one of the major players in that field now.
Bezos hasn't done anything too flashy that comes to my mind, and like musk he is also a shithead that I dislike for pretty much the exact same reasons, excuse me for not repeating them, but he does have and donate to quite a few charities.
Again, none of that is enough to offset the shitty things they do, but I'd be surprised if you could find any very rich people who haven't at least donated to a handful of charities.
That article is much ado about nothing. He knew Epstein and met him occasionally. So did every other billionaire and politician. Unlike some other of Epstein's associates, there's nothing to suggest Gates indulged or was even aware of Epstein's excesses.
What, do you think they just sit around smoking cigars and laughing evilly all day?
Its not that they dont do anything good, their evik acts just offset it.
Chuck Freeney. He basically invented "Duty Free" stores and became a billionaire in the process. Then decided he should die "broke" and created The Atlantic Philanthropies secretly staking it with a little over a third of his wealth. In 2020 he closed the organization because he had given away the vast majority of his net worth. Mostly as grants to universities all over the world. He also may have low-key helped fund the IRA.
He's still got enough to live comfortably, and I'm sure his family is set up nicely.
Funding one of the biggest terrorist organisations of the 20th century doesn't sound like a very good thing to do... Same goes for all the other Americans who gave them money without realising they were (are) pretty much universally hated across all Ireland - much like how most Muslims hate IS
Well, not to diss on giving to charity but two technical arguments against. One is, you are acting as an additional tax on the worker (the source of the surplus) and then redirecting that tax to charity. It's fine but the elected government has democratically selected priorities that they can rarely fund so it is better to just give it to the treasury. And 2, just don't collect this tax in the first place, allowing the worker to spend it on the local economy.
Yeah I still find it hard to digest that someone with a conscience actually made that much money in the first place. I'd love to see how he arrived at this decision, and if he could convince others too.
I believe all billionaires have done something good. I don't think that makes them good people due to the staggering amount of wealth they withhold from the population.
Doing good things, doesn't make you a good person. Donating millions is nothing when you have billions.
If I had to choose a specific, I'd say Bill Gates. I've never fact checked it but I've heard he set up multiple charities and donates for helping children, seems like a great thing to do.
Gabe Newell is the least shitty billionaire I can think of, I'm not sure what he does for philanthropy though but at least it doesn't seem like he tries to influence the country for his benefit.
I love Valve, but I really don't understand why gamers give Steam so much praise. It is a closed platform filled with DRM on which you don't truely own a copy of the game (unlike gog), and on top of that they take a 30% cut of every sales and transactions which is enormous for small studios to pay. Support is poor and the algo/front page distribution of traffic and promotions is a black box.
Don't get me wrong, Gabe seems like a sensible human, and Steam is successful because it offered such a great service to players. But it's been almost 20years now since Steam, and I have not seen Valve slow down the greed. They don't need the money as this point. They don't need 30% of every game sale on PC. This is just as greedy as the other company people hate.
This query is counterproductively reductive. Every human alive, even the worst of them, has done at least one good thing. Many even do their bad things because they were misled to believe they were doing an overall good.
The point should be that it doesn't matter what good they've done, because the state of being a billionaire necessarily requires one to have done more net bad to the world than good. You could save a million lives by your own hand, but if you're a billionaire, it is a given that you have destroyed far more lives than that. No billionaire's heart was ever weighed by Anubis and judged worthy of the Field of Reeds.
All of them, without exception, end up as greasy streaks on the gleaming teeth of Ammit.
Carnegie is probably the "best" billionaire in modern history. You can't go to a town in America without seeing some park or public building that was built with his money. I wish more 1% actually followed the Gospel of Wealth.
Not just America - my home town in New Zealand had a Carnegie library. I live in Scotland now, where his birthplace is a museum. https://www.carnegiebirthplace.com/ His money is still funding various trusts in the UK.
ITT: people who can't understand the difference between doing something good and being good.
Of course there are plenty of billionaires who have done good things, and pointing out all the ways they are still a shit person doesn't change that. Shitty people occasionally do good things, even if for shitty reasons.
You haven't looked beyond the surface of Gates philanthropy. His involvement diverts focus away from critically acclaimedneeded work in these regions for his pet projects - the science doesn't dictate the focus, the whims of the billionaires do.
youd probably have a hard time naming one billionaire that hasnt done anything good
theyre still a shit thing to have, practically never got the money they have by being a good person and shouldnt exist in the same world as homeless people, starvation or massively underfunded public projects
His foundations pioneered developments in medical research and were instrumental in the near-eradication of hookworm and yellow fever in the United States.John D. Rockefeller
In these comments: People who think someone can accumulate obscene personal wealth and then give a small percentage away makes them good. But if someone dares suggest taxing that obscene wealth they are a monster.
Not to defend billionaires, but this post sets an incredibly low bar. I imagine that all people, billionaires included, have done something good in their lives.
I was just trying to draw attention to some of the comments that are defending them. You'd think from some in here that a little smidge of philanthropy in retirement makes it all okay that one person can hoarde enough personal wealth to feed millions.
Are we really seeing people say we shouldn't tax billionaires? I wouldn't say that. But this post is basically rage baiting. Like. Yeah. There definitely have been Billionaires who have given all their money away. Or at least the majority of it. They exist. I get why people think Billionaires shouldn't exist. I'm all for taxing them. I'm all for changing regulations to disallow such a large accumulation of wealth and then hoard it so it can't circulate and do what it's meant to do. But are we really suggesting that the majority of people don't think we should tax Billionaires?
Yes. Well, some saying we shouldn't tax billionaires more and others saying that the money is better off with one private individual setting up companies and charities, rather than leaving that to governmental entities.
To me, someone paying only ~25% tax when earning millions per year is obscene.
The billionaires who do good don’t want their names attached to their deeds because that defeats the purpose. The point of altruism is you don’t want credit.
(Seriously there aren’t many, though, because if you’re hoarding money, you’re a horrible person.)
They've all done at least one good thing that's a insanely low bar that's very subjective. Name one that isn't more good than harm in the world? They don't exist.
I'm not saying he's a good person, or that everything he does is good, but you asked me to name a billionaire that's done anything good, and Gates has done quite a few good things.
The current problem is rather that relatively many rich people are trying to do good things. The vast amount of private donations and privately funded NGOs, etc., have a strong influence within traditional, often national, political and governmental processes. This has had good and bad consequences and has been done with good and not so good intentions. Even if all consequences were good, the question remains to what extent we object to the fact that the choices of where to put money have been made by individuals and not arrived at through democratic processes, which can also lead to good or bad consequences.
It is unfortunate that "effective altruism" has become the trendy moral framework for many wealthy individuals, especially within Silicon Valley, to make decisions about where they put their money and how. Effective altruism is a questionable moral theory because it is primarily about the question of "how" to act and less about why. The theory suggests no underlying value system. As a result, it remains a values-free form of consequentialism, unlike, say, utilitarianism, a form of consequentialism that does propose an underlying value, namely happiness - and thus happiness maximization as a goal. Moreover, "effective" is a vague term, which also remains relatively free to fill in.
The free-fillability of effective altruism combined with the inherently individual choices of, well, individuals, currently creates friction between wealthy individuals and democratically elected bodies.
This is imho the current issue we need to think about, regardless of any "goodness" of consequences. Where do the responsibilities, rights, duties, freedoms and liabilities of wealthy individuals start, lie and end with respect to those of democratically elected governments, other representatives of the people, and, of course, 'regular' citizens.
What? They're greedy humans who are doing things that have terrible consequences out of selfishness, not mustache twirling cartoon villains out to destroy the world for destruction's sake. I'm sure every single billionaire in the world has done something good at some point. That doesn't justify the kind of wealth disparity that makes their existence possible though.
Do you mean net good (more good than bad) or is a good thing like "established public libraries" acceptable even if he also oppressed workers and stifled unions and bought government officials and stuff?
Well that's why I asked OP if this is "net" calculation (good - bad) or if just the good counts.
By my evaluation I don't think any billionaire (or equivalent using PPP calculations) has ever or could ever do enough "good" to overwrite the "bad" they have to do to accumulate that much wealth, unless they literally spend it all on improving people's lives including getting down in the trenches themselves.
The new movie actually addresses that by having his parents previously attempt to do "Gotham Renewal," but it collapses into a corrupt mob slush fund and doesn't actually help the disadvantaged at all. That's why he fights with his fists - because they will never collapse into greed like his parents' attempts at reform and reconstruction did.
Instead of tackling the systemic issues that cause the problems of gotham city (which he is directly responsible), he decides to beat people up. Kind of tells how shallow minded the writers are.
Chuck Feeney out here just existing and you having the audacity to suggest that good billionaire's don't exist. 3.7 Billion dollars donated in his lifetime.
The amount of exploitation and destruction of the environment that it takes to accumulate 1 billion dollars can never be offset by any amount of “good” that is done by money. If I extract resources and a exploit a community and get a billion dollars, then turn around and give every cent back to that community, surplus value will still be lost.
Tony Khan created AEW and seems to genuinely care about his employees. He put on a private plane this week so the wrestlers could attend the funeral of Bray Wyatt and still make it to Dynamite
Elon Musk.
I know you guys hate him somehow but. HE DID build reusable rockets. HE DID build electric cars. HE DID restore Free Speech even though you guys somehow don't agree with that because people now can say anything they want and you can't live in your own little bubble without any criticism anymore (on twitter). And that's not what left wingers want lol.
His EMPLOYEES build reusable rockets. His EMPLOYEES built electric cars. Even if he participated in this process he would be on a supporting role. Similar to a janitor on spacex, a guy that maybe enables the real pros to do good stuff. (the janitor may actually be more important than musk tbh)
He did NOT restore free speech on twitter. Many activists a still being silenced every day. He gives their data to authoritarian goverments who have journalists executed. Free speech is about freedom from goverment retaliation and he actively aids goverments in suppressing free speech.
His employees built reusable rockets. His employees were not even the first to create electric cars, and he's not even the founder of Tesla. He did NOT restore free speech anywhere. People that were hating on him still got banned iirc (I might be wrong). All he did was create a payment service with his friend (PayPal), used the money to buy an electric car company (Tesla), hired people to build satellites and rockets for him (SpaceX), and decided to buy a dying social media company to revive it (Twitter), failing miserably in the process.