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Game-changers: Can Philanthrocapitalism Rid Australia of a Dubious Distinction?
Two of the world's richest men, Microsoft founder Bill Gates and US
investor Warren Buffett are role models for a new style of strategically
focussed philanthropy that's helping to solve devastating medical and
social problems. The payout for philanthrocapitalists is not personal
financial returns, but seeing the evolution of benefits that save
society money. A trailblazer for this finely focussed wealth-sharing in
Australia is an ambitious network – seed-funded by Billabong surf wear
millionaire Gordon Merchant – that hopes to set a benchmark for
philanthrocapitalism and develop a vaccine to prevent skin cancer, a
disease that costs the Australian economy A$5 billion annually.
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By theBoxTwo of the world's richest men, Microsoft founder Bill Gates and US
investor Warren Buffett are role models for a new style of strategically
focussed philanthropy that's helping to solve devastating medical and
social problems. The payout for philanthrocapitalists is not personal
financial returns, but seeing the evolution of benefits that save
society money. A trailblazer for this finely focussed wealth-sharing in
Australia is an ambitious network – seed-funded by Billabong surf wear
millionaire Gordon Merchant – that hopes to set a benchmark for
philanthrocapitalism and develop a vaccine to prevent skin cancer, a
disease that costs the Australian economy A$5 billion annually.
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