fromFortune
17 hours agoLarry Ellison's $40 billion pledge to his son's Paramount deal shows a shift in billionaire giving: Philanthropic capitalism is taking over | Fortune
Ellison's $40 billion promise to personally back his son's Paramount deal is not a charitable donation in the classic sense. It is something more emblematic of this billionaire era: philanthropic capitalism, where vast personal fortunes are deployed through markets rather than around them, and "giving it away" increasingly means reshaping industries instead of writing checks to traditional charities. It lands at the exact moment that the older model of billionaire philanthropy-epitomized
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