Why the rent is still due for rich people in the time of coronavirus
For 600 or so Americans that’s a real question.
Looking out across the country, I see a few predictables hunkered down in their million-dollar yachts and bunkers, but also shining examples of altruism. Meanwhile, the world’s richest man, Jeff Bezos, has been writing checks too—though not to President Trump of course. Bezos has donated $100 million to Feeding America—the largest single gift in the history of the organization—plus another almost $200 million in grants to organizations and civic groups that provide shelter and food needed as a result of the crisis. And Bezos’s Blue Origin space company is making face masks.
And that’s the thing. It’s always tricky to get a perfect picture of philanthropy. Just because there’s no press release doesn’t mean a billionaire isn’t giving. Having said that, most people want credit for their largess. You need only look at any nonprofit donation list of donors to see how many choose to remain anonymous. It’s almost always less than 10%.
And then there’s the normally tight-lipped private equity billionaire Leon Black, rightfully downright chatty about his $20 million contribution to help health care workers in New York City.
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