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Showing posts with the label Cornelius Vanderbilt

Charity and Philanthropy

The cash-for-honours affair and Tom Hunter's philanthropy merely prove the rich call the shots in an unequal society, says Joan Smith in the Independent

Peter Mandelson remarked nine years ago that Labour ministers were "intensely relaxed about people getting filthy rich"

During Blair's premiership the wealth of Britain's top 1,000 quadrupled.

The Scottish self-made retail billionaire Sir Tom Hunter, promised to give away at least £1bn to good causes before he dies. Hunter has joined an elite club of people who have made so much money that they are able to give away sums that most of us cannot even visualise ...Hunter is usually mentioned in the same breath as the hedge fund investor Chris Hohn, who has promised £230m to a children's charity run by his wife, and the financial trader Peter Cruddas, who is giving £100m to good causes which include The Prince's Trust and Great Ormond Street children's hospital.

Such donations are usually regarded as non-p…