Larry Ellison's $40 Billion Guarantee Signals Shift in Billionaire Philanthropy and Media Mergers
Originally Published 19 days ago — by Fortune
Larry Ellison pledges $40 billion to support his son's Paramount merger, exemplifying a shift in billionaire philanthropy towards 'philanthropic capitalism,' where large fortunes are invested directly into industries and systems rather than traditional charities, reflecting a broader trend among mega-donors to influence core sectors like media and technology.