Meet the billionaire philanthropists saving the planet

Kayla Kerr


2 min read

With great wealth comes great responsibility. In 2015 there were a record 1,826 billionaires across the world1. If you could join their exclusive club, what would you do with the money?

According to Forbes, Bill Gates is the richest person in the world2, and one of the best-known philanthropists. The Bill & Melinda Gates Foundation benefits from his great wealth and supports education and health initiatives across the globe. Gates is now focusing on energy and climate, and has a goal of a world free of fossil fuels by 20503.

Many other billionaire philanthropists are starting to focus their time, attention and money on the most pressing environmental issues facing the global community. From tackling greenhouse gas emissions to conserving endangered species, the wealthiest people on the planet are launching a concerted effort to save it. Here are just some of them.

Michael Philipp: Bhutan for Life

Bhutan

Geothermal energy investor Michael Philipp and his wife Sherry fell in love with Bhutan after the holiday of a lifetime to the isolated Buddhist kingdom in the eastern Himalayas. They now lead the private donations to the WWF initiative Bhutan for Life4.

It’s a sustainable development and conservation effort helping Bhutan to transition to the modern world while preserving its natural habitats and biodiverse wildlife. It’s also a project finance for permanence deal, and over 15 years is equipping the government to be able to permanently finance the conservation effort as part of its budget.

Jeff Skoll: the Skoll Foundation

Dry earth

The filmmaker who created Al Gore’s An Inconvenient Truth has now set up the Skoll Foundation in Silicon Valley. His foundation has a vision of building a sustainable future through social entrepreneurship, supporting and funding small businesses with ideas on how to tackle ecological problems such as climate change and water scarcity.

Skoll gives grants to social entrepreneurs who have the potential to revolutionise the way we approach sustainability.

Sergey Brin & Larry Page: Google.org

Google

The co-founders of Google also set up the philanthropic arm of the business, Google.org, which devotes time and money to various high-tech sustainability initiatives. Google.org is for profit, and focuses on making renewable energy not only commercially viable, but also cost-competitive.

Recharge IT, one of Google.org’s initiatives, is an enterprise focusing on plug-in vehicles and RE<C is concerned with developing green energies which are cheaper than coal. Google.org has also recently unveiled a prototype mirror technology which makes solar thermal energy much cheaper.

Risk warning: As with all investing, your capital is at risk.The value of your portfolio with Nutmeg can go down as well as up and you may get back less than you invest.

Sources

1. Forbes’ 29th Annual World’s Billionaires Issue

2. Forbes’ 29th Annual World’s Billionaires Issue

3. Zuckerberg, Gates and other tech titans form clean energy investment coalition

4. How Wall Street Retirees Are Saving The World’s Rain Forests

 

 

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Kayla Kerr

Kayla Kerr writes on a variety of financial and lifestyle topics for Nutmegonomics. Kayla can be found on twitter @kaylasiobhan.


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