Comment by burningChrome
3 hours ago
This is completely misleading.
Even a cursory google search will give a rather long list:
- Giving Pledge: Ellison signed the Giving Pledge, committing to donate the majority of his wealth to philanthropy. Recently, he announced plans to donate 95% of his $373 billion fortune, focusing on science, healthcare, climate change, and AI research.
- Ellison Medical Foundation: Invested nearly $1 billion in biomedical research on aging and disease prevention before closing in 2013
- Lawrence Ellison Foundation: Supports research on aging, health, education, sustainable agriculture, and wildlife conservation.
- Ellison Institute for Transformative Medicine (USC): Established with a $200 million donation to advance cancer research and personalized therapies
- Ellison Institute of Technology (Oxford): A for-profit philanthropic initiative tackling global challenges like healthcare, food insecurity, climate change, and AI. A new campus worth $1.3 billion is planned for 2027
- Significant funding for Oxford University through EIT partnerships, including scholarships and research programs.
- Lion Country Safari Acquisition: Purchased the 254-acre wildlife sanctuary in Florida for $30 million through his foundation, ensuring continued conservation efforts.
- Larry Ellison Conservation Center: Opened in California to rehabilitate and breed endangered species
I'm not a huge fan of his or how Oracle has conducted business, but his giving represents billions to charity, not exactly fitting for the "dung beetle" label people are so quick to apply to him.
So he has pledged to give away 95%. But so far it seems like he has given very little, maybe 1%?
So according to you there's some magical formula for when he has to give it all away? If you were him, wouldn't you want a lasting legacy? Something that your wealth effects generations over decades or even a century?
Also, keep in mind he's already given away over $2B in charity, but even at 1%, that's still not very much for you?
Pledging and giving are not the same thing.
Yeah I don't know why people shame dung beetles with association to him