Philanthrocapitalism

How the Rich Can Save the World

By Matthew Bishop and Michael Green

An examination of how today's leading philanthropists are revolutionizing the field, using new methods to have a vastly greater impact on the world

For philanthropists of the past, charity was often a matter of simply giving money away. For the philanthrocapitalists - the new generation of billionaires who are reshaping the way they give - it's like business. Largely trained in the corporate world, these "social investors" are using big-business-style strategies and expecting results and accountability to match. Bill Gates, the world's richest man, is leading the way: he has promised his entire fortune to finding a cure for the diseases that kill millions of children in the poorest countries in the world.

In Philanthrocapitalism, Matthew Bishop and Michael Green examine this new movement and its implications. Proceeding from interviews with some of the most powerful people on the planet-including Gates, Bill Clinton, George Soros, Angelina Jolie, and Bono, among others-they show how a web of wealthy, motivated donors has set out to change the world. Their results will have huge implications: In a climate resistant to government spending on social causes, their focused donations may be the greatest force for societal change in our world, and a source of political controversy.

Combining on-the-ground anecdotes, expert analysis, and up-close profiles of the wealthy and powerful, this is a fascinating look at a small group of people who will change an enormous number of lives.

Reviews for Philanthrocapitalism:

"Given the chance to 'save the world,' as the book has it, why aren't more billionaires philanthrocapitalists? Greed probably isn't the answer -- billionaires already own their yachts and jets. More likely they don't know how to get started. That's why many rich people, looking to do some good, make their first big gifts to trophy charities like universities and museums.
"One way to through partnerships like those of the Gates and Clinton variety, because they combine prestige with 'entrepreneurial' social goals. Another way would be for these untapped billionaires to take a look at this book's enlightening analysis of how they might do the most good."—Richard J. Riordan, Wall Street Journal

"This book...is important and deserves to be read. Mr. Bishop, American business editor of The Economist, and Mr. Green, an economist, write in a compelling, breezy voice. Their impressive list of sources... begins with Bill Gates, Ted Turner, Bill Clinton, George Soros, and Bono....Mr. Bishop and Mr. Green deserve credit for expertly chronicling an important trend".—Phil Buchanan, The Chronicle of Philanthropy

Nicholas Kristof praises Philanthrocapitalism in his New York Times column. He calls it "terrific." Read column.

Buy Now

Philanthrocapitalism

How the Rich Can Save the World