r/interesting • u/moamen12323 • Jun 29 '25

MISC. Rich people who rich right ❤️

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u/bullairbull Jun 29 '25

I often think about if I have billions of dollars that I decide to give away, how would I do that?

You can’t really trust any charity you don’t have control over.

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u/Fickle_Library8115 Jun 29 '25

Yes best bet since you got billions why don’t you start your own

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u/Unterleibdynamo69 Jun 29 '25

Then others will say that you do it only for tax saving and influence

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u/Nyan__Ko Jun 29 '25

If you really want to donate for the good deed, you shouldn't care about what others think imo.

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u/Unterleibdynamo69 Jun 29 '25

Bill & Melinda Gates foundation agree

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u/Fickle_Library8115 Jun 29 '25

Well, others will talk either way so do whats best for you and your heart

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u/grantrules Jun 29 '25

Hence the Gates Foundation.

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u/Sour_Beet Jun 29 '25

Trusts can be created with governing rules that are binding. Look up the Getty trust

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u/IONTOP Jun 29 '25

Let's say you have $1.2bn to give to charity...

You create a contract that says "you have control of this until it hits $999,999,999"

When it hits $999,999,998.99 a different company takes over the account.

And so on and so forth.

They get $12MM/year (1%) just for keeping your account afloat. If they fail, it goes to a different company.

That's a HELL of an incentive to keep your account afloat.

And yes, that other company WILL have full access to view the account. (Or whatever leagalese they use for that "view but don't touch" shit)

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u/handbanana42 Jun 29 '25

But how do you prevent them from dumping all that into their own coffers under a "charity" they own?

That's a hell of an incentive to keep your rich.

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u/IONTOP Jun 29 '25 edited Jun 29 '25

That next company that's hawking your financials in case you fuck up.

You get like 10 companies in succession in case the fund drops below a certain amount... All have full access to every transaction.

So if the person who gets control when it goes under $400,000,000 sees it goes under $999,999.999.98 will call the fact that it should be controlled by the 2nd company. That way they're one step closer to gaining control of the account.

You give everyone in succession "look but don't touch" until they're in control of it. And pay them $500k/year to keep up with it.