In a recent podcast with the New York Times, Melinda French Gates voiced strong criticisms against the latest generation of super wealthy billionaires, including Elon Musk, Peter Thiel, and Jack Dorsey. Gates expressed concern that these individuals, despite their substantial influence and resources, have not made significant contributions to society in the form of philanthropy. According to Gates, while these billionaires use their platforms as “megaphones”, their actual philanthropic efforts are minimal.

Criticism of Modern Billionaires

Melinda Gates noted that many of the contemporary billionaires mentioned—Elon Musk, Jack Dorsey, Bill Ackman, and Peter Thiel—have yet to demonstrate substantial philanthropic commitments. “Well, the people you just named have not been very philanthropic yet. They use their voice and they use their megaphones, but I would not call those men philanthropists,” Gates said. She argued that their financial contributions to societal causes are lacking compared to the philanthropic records of figures like herself, her ex-husband Bill Gates, and Warren Buffett.

Gates underscored that there is a significant distinction between those who choose to give back and those who do not, emphasizing that the new generation of wealthy individuals have not yet shown the same level of dedication to charitable causes as their predecessors.

Political Activism and Public Criticism

In addition to her critiques of modern billionaires, Gates addressed her own political activism. She responded to Elon Musk’s criticisms regarding her endorsement of Joe Biden for the 2024 US Presidential Elections. Musk had previously called Gates’ political stance the “downfall of Western civilization,” a comment Gates dismissed as “silly.” She defended her position by stating that she could not support candidates who have made derogatory statements about women, emphasizing her commitment to advocating for women’s rights.

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Questioning Tech CEOs’ Expertise

Gates also expressed skepticism about the advice offered by tech CEOs on topics outside their expertise. She reflected on how tech leaders, despite their professional success, often provide opinions on areas like parenting that do not align with their experiences. Gates observed that such advice can sometimes seem disconnected from reality, particularly when these executives spend extensive hours focused on their companies.

Commitment to Philanthropy

In May, Melinda French Gates stepped down from her role as co-chair of the Gates Foundation, but she remains dedicated to supporting causes related to women and families, including reproductive rights in the United States. Her ongoing commitment to these issues reflects her broader focus on improving societal well-being and addressing challenges faced by marginalized communities.

Gates’ remarks provide a critical perspective on the evolving landscape of philanthropy and political activism, highlighting both her own contributions and the perceived shortcomings of the new generation of wealthy individuals. Her commentary underscores the importance of substantial, impactful charitable work and thoughtful engagement with societal issues.

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