Philanthrocapitalism is a form of philanthropy in which entrepreneurial ideas, practices, and wealth are used to tackle global challenges. As the divide between rich and poor increases around the world, the number of billionaires is growing. Some of the planet’s wealthiest people have become philanthrocapitalists, pledging to invest time, energy, skills, ideas, and large amounts of money towards worthy causes. This may have a positive impact on the people, groups, and causes that are chosen for support, but there are many unanswered questions about this form of philanthropy.
Will the efforts of philanthrocapitalists actually lead to deep, sustainable results? How will their causes be chosen? Do individual philanthrocapitalists have the expertise to address the world’s most significant problems? Will this model of philanthropy present conflicts of interest as it influences the priorities, donations, or behaviors of average people? Does philanthrocapitalism transfer the power and responsibility of social change away from governments and charitable organizations to an elite few? How might philanthrocapitalism benefit or harm the generations of the future?