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You are at:Home»Politics»“We see some of their real personalities coming out.” Melinda French Gates talks about the rise of billionaires in politics
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“We see some of their real personalities coming out.” Melinda French Gates talks about the rise of billionaires in politics

April 22, 2025023 Mins Read
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  • In an interview with CNN on Tuesday, Melinda French Gates criticized the recent trend of ultra-rich people who are involved in politics

  • She spoke to concerns that the United States became an oligarchy, telling the host that she “hopes” it is not that things are heading

  • The founder of Pivotal Ventures also said that ultra-rich had a “moral obligation” to use their philanthropically money

When President Donald Trump gathered his cabinet at the start of his second term, he stored it with Uber-Riches businessmen. Of the secretary of the Treasury Scott BessentThe former CEO of Key Square Capital Management which has a net value north of $ 500 million, for Steve FeinbergThe deputy secretary of Cefense and former CEO of Cerberus Capital Management whose net value oscillates around $ 5 billion, these appointments are the most recent examples of the diving ultra -rich in politics.

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The migration of the conference rooms in Capitol Hill feared that the country would become an oligarchy. NOW, French Gates Melindawho has a net value of $ 14.5 billionspeak.

In an interview Cnn On Tuesday, she criticized the trend of rich individuals who engaged in politics. Throughout the conversation with the host Abby Phillip, the French gates have reiterated his often inspired conviction that “to whom a lot is given, it is expected”, which clearly indicates that it did not approve of the way in which many ultra-rich are currently paying money in the election of their favorite candidates or the use of their fortune to rely on powerful positions.

Trend: the secret weapon in billionaire investor portfolios that you almost certainly have not yet. See which asset class has exceeded the S&P 500 (1995-2024) – and with a correlation close to zero.

In response to Phillip’s investigation on the question of whether this political orientation is new or has always existed in these kinds of higher class circles, the French doors have replied: “I think we see some of their real personalities coming out in recent years. I think it has always been in the shade of many people … I think that some of the particular people you see at the moment, the values ​​they marry are different from mine.” Continue: “I know a lot of these people. I met a lot.”

And when asked in Point-Blank if she thought the country was about to become an oligarchy, she replied: “I hope no.”

Instead of politics, French Gates would like to see his peers invest money in more charitable causes. In 2010, she started pledge of donations with the husband then Bill Gates and billionaire Warren Buffett. The initiative pushes the ultra-rich to give at least half of their fortune to the charitable and philanthropic causes, either during their life, or after death by their will and their endowments. “If you have a billion dollars, it’s an absurd amount of wealth. You have a moral responsibility to give at least half,” said French Gates.

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This item “We see some of their real personalities coming out.” Melinda French Gates talks about the rise of billionaires in politics Originally appeared on Benzinga.com

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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