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As philanthropy grows, what are the rich spending their money on?
by Lee Mannion

Thomson Reuters Foundation    Translate This Article
26 April 2018

On 26 April 2018 Thomson Reuters Foundation reported: As the rich get richer, the world has entered an 'age of philanthropy', with education the most popular focus of some 260,000 foundations globally, researchers said on Thursday. 'If this trajectory continues, philanthropy will be poised to have an increasingly significant social and economic impact.' Global Good News service views this news as a sign of rising positivity in the fields of business and culture, documenting the growth of life-supporting, evolutionary trends.

There are more than 15 million millionaires and close to 2,000 billionaires in the world, while 10 percent of the population live on less than $1.90 a day, said the report, which was funded by the Swiss bank UBS.

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