Givers, or Takers? Callahan’s Book Takes a Hard Look at Alpha Donors

Great private wealth is nothing new, but reading David Callahan's The Givers will convince you that there is a different game at play today, with staggering fortunes and unprecedented elite hubris. Some fortunes are so big, and growing so fast, that even a dedicated philanthropist can’t give the money away fast enough. To cite just one example, Michael Bloomberg was worth around $5 billion when he became mayor of New York in 2002; he’s now worth more than $45 billion. With this figure in mind, the over one billion dollars he has given Johns Hopkins University to date doesn’t seem so big. Still, it’s an astonishing sum for most of us to contemplate. And that's not all. Bloomberg has also given hundreds of millions to reduce smoking and traffic deaths globally, and combat climate change. David Callahan, Founder and Editor of Inside Philanthropy and author of The Givers (Image credit: David Callahan) Bloomberg is one of many of the ultra-comfortable profiled by Callahan