Marlene Engelhorn, 30, heir to a fortune, isn’t interested in philanthropy, believing it only perpetuates existing power dynamics. She’s calling for structural change to how the ultrarich are taxed.
Tag: Philanthropy
Can New Vaccines Finally Eradicate Malaria?
Two new vaccines may finally turn back an ancient plague. But in unexpected ways, their arrival also complicates the path to ending the disease.
Victoria and Albert Museum Reverses Course and Removes Sackler Name
The museum’s director had previously said he was not going to erase the name of the Sackler family, which founded Purdue Pharma, the creator of an addictive opioid painkiller.
Patagonia Founder Gives Away the Company to Fight Climate Change
Yvon Chouinard has forfeited ownership of the company he founded 49 years ago. The profits will now be used to fight climate change.
King Charles Inherits Riches, and Passes Off His Own Empire
As prince, Charles used tax breaks, offshore accounts and canny real estate investments to turn a sleepy estate into a billion-dollar business.
These Groups Want Disruptive Climate Protests. Oil Heirs Are Funding Them.
Beneficiaries of two American oil fortunes are supporting groups trying to block fossil fuel projects. One donor said he felt a “moral obligation.”
Lily Safra, Star-Crossed Socialite and Philanthropist, Dies at 87
Her life was marked by tragedy, including the bizarre death of her fourth husband, but that did not stop her from giving away millions.
Prince Charles to Stop Accepting Large Cash Donations for Charities
Charles, the heir to the British throne, runs two charities that are under scrutiny for how they have handled donations from the wealthy, including $3.1 million from a former Qatari prime minister.
Kalush Orchestra, Eurovision Winner, Auctions Off Trophy to Aid Ukraine Army
Millions of people have viewed a video of the band Kalush Orchestra that was filmed in the rubble of Ukraine. Its members have urged fans to help the Ukrainian army.
For Elite? Yes. Ostentatious? Yes. But Also Effective.
For all the criticism of the World Economic Forum’s display of wealth, productive partnerships are indeed formed at Davos, participants say.