While Billie Eilish slams non-philanthropic billionaires, this CEO says telling people what to do with their cash is 'invasive' and to 'butt out' | Fortune
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While Billie Eilish slams non-philanthropic billionaires, this CEO says telling people what to do with their cash is 'invasive' and to 'butt out' | Fortune
"After shareholders approved a deal that could make the Tesla CEO the world's first trillionaire, the Grammy-winning star blasted Musk in a social media post suggesting that he should put his efforts towards philanthropy initiatives-such as spending $40 billion annually to combat world hunger, $10 billion annually to vaccinate newborns, and $53.2 billion to rebuild Gaza."
"When the 23-year-old artist was honored in October at the WSJ Magazine Innovator Awards for her contributions to the music industry, she questioned the audience-which included billionaire Mark Zuckerberg-on why the ultra-rich have the right to exist. "If you're a billionaire, why are you a billionaire? No hate, but yeah, give your money away, shorties," Eilish said, later it was revealed she'd be donating $11.5 million from her Hit Me Hard and Soft tour to the Changemaker Project, a charitable initiative that addresses climate change and food insecurity."
""I think those are personal things, and people ought to make personal decisions," William Stone, CEO of SS&C Technologies told Fortune. "I understand the sentiment, but I think sometimes the sentiment is invasive.""
Elon Musk faced public calls to direct large sums of money toward global causes after a deal could make him the world's first trillionaire. Billie Eilish urged billionaires to fund efforts such as $40 billion annually to combat world hunger, $10 billion annually to vaccinate newborns, and $53.2 billion to rebuild Gaza, and pledged $11.5 million from her tour to the Changemaker Project addressing climate change and food insecurity. Musk replied dismissively on social media. William Stone, a billionaire CEO, argued that philanthropic decisions are personal and that public sentiment about giving can be invasive; Stone has donated substantial funds to his hometown, including a health sciences center.
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