Billionaire's Big Bet: Changing the Game of Giving

Larry Ellison, a tech billionaire, is making waves with a huge $40 billion promise. He's backing his son's plan to take over Paramount. This isn't your typical charity donation. It's a new way of giving where billionaires use their money to shape industries instead of just writing checks.

A Strategic Merger

Ellison's son runs a company called Skydance. They want to merge with Paramount and create a new kind of media company. This deal is huge and shows how billionaires are changing the way they give money. Instead of donating to charities, they're investing in big projects that can change entire industries.

A Different Approach to Philanthropy

Ellison has said he wants to give away most of his fortune. But he's not doing it the traditional way. He's putting his money into companies and projects he believes can make a big impact. This includes medical research, technology, and now entertainment.

Comparing Philanthropic Strategies

This new way of giving is different from what other billionaires like MacKenzie Scott are doing. She gives money to nonprofits and community groups. But Ellison and others like Mark Zuckerberg are using their money to build companies and labs that can change the way things work.

Questions and Considerations

There are questions about this new way of giving. Who decides what's good for the public? Shareholders and regulators might have a say, but it's not as clear as giving money to a food bank. Still, these billionaires believe this is the best way to make a big impact.

The Big Bet on Paramount

Ellison's bet on Paramount is a big risk. It could be a smart business move, a way to support his son, or a new way to build a legacy. But one thing is clear: billionaires are changing the way they give money, and it's having a big impact on the world.