Billionaire Philanthropy Shifts Focus to Singapore

Billionaire philanthropy is undergoing significant transformation as more of the world's wealthiest individuals establish charitable foundations and adopt innovative giving strategies. Singapore has become a prominent hub for such foundations due to favorable regulations and tax incentives, attracting figures like Bill Gates, Ray Dalio, and Eduardo Saverin. The Gates Foundation is set to open a new office in Singapore, reinforcing the city-state's role in global philanthropy. MacKenzie Scott stands out for distributing $19 billion in unrestricted grants to NGOs, promoting autonomy and flexibility in charitable work. Jeff Bezos and Lauren Sanchez are also noted for their philanthropic efforts, though Scott's approach is recognized for its unique impact. These developments illustrate the evolving landscape of billionaire philanthropy and its expanding global influence.