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Young Crypto Billionaire: I&#39;m Giving Away Most of My Money
He's 30, Worth $24B, Drives
a Corolla, Sleeps in a Beanbag
in case you missed it
Apr 10, 2022 6:31 AM CDT

He's 30, Worth $24B, Drives a Corolla, Sleeps in a Beanbag

'I don't want a yacht,' crypto CEO Sam Bankman-Fried says of plan to give away most of his money

(Newser) - Sam Bankman-Fried wants FTX, the Bahamas-based cryptocurrency exchange he co-founded, to become the "biggest source of financial transactions in the world." In the meantime, he has a plan for the fortune he's already raking in: He wants to give most of it away. The 30-year-old tech entrepreneur,...

Nobel Winner Selling Medal for Noble Reasons

Russia's Dmitry Muratov, who won peace prize last year, wants funds raised to assist Ukraine refugees

(Newser) - People from all over the world are donating where they can to help the millions of refugees streaming out of Ukraine as Russia continues its invasion there—but very few have Nobel Peace Prize gold they can hawk to free up some funds. Russia's Dmitry Muratov is one of...

Mystery Donor Sends $180K in Cash to Physics Department

Cardboard box at City College New York wasn't opened for more than 10 months

(Newser) - A plain cardboard box around the size of a toaster addressed to "Chairman, Physics Department" at City College of New York held a mysterious $180,000 cash donation—but it wasn't opened for more than 10 months. The department's chair, physics professor Vinod Menon, says he didn'...

Fans Send Millionaire Artist $448K in 48 Hours

Afrobeats artist Davido of Nigeria apparently wanted to get his luxury car out of port

(Newser) - Nigerian-American Afrobeats star Davido is a multimillionaire, notes the Guardian . But that didn't keep him from asking fans for donations this week. And they jumped at the opportunity to help "one of the biggest African stars in the world," per the BBC . The singer with 31.6...

What Happens When 2 Billionaires' Exes Team Up? This

MacKenzie Scott, Melinda French Gates donate $40M to programs supporting gender equality

(Newser) - We don't know (though we'd love to) what the flies on the wall hear when MacKenzie Scott and Melinda French Gates get together, but one of their recent conversations apparently took a philanthropic turn. The two billionaires—and exes of former Amazon CEO Jeff Bezos and Microsoft co-founder...

MacKenzie Scott Slams Wealth Gap, Donates Billions More

Jeff Bezos' ex-wife gives to 286 organizations

(Newser) - MacKenzie Scott just made a lot of people very happy. The billionaire philanthropist and ex-wife of Amazon founder Jeff Bezos announced Tuesday in a Medium post that she has given away another $2.7 billion to 286 organizations, per the AP . It's the third round of announcements Scott has...

Frat Brothers Give Their Old Cook a Generous Surprise

LSU's Phi Gamma Delta brothers donate to pay off Jessie Hamilton's mortgage

(Newser) - Jessie Hamilton says she's worked at least two jobs, and sometimes four, ever since she was 14. She's now 74 and finally ready to retire, thanks to a generous act from some of the people she's served throughout her career. Fourteen of those years, from 1982 to...

Ex-UPS Driver's Gift Is Biggest Alum Donation Ever to HBCU

Calvin Tyler Jr. dropped out of Morgan State University in 1963

(Newser) - If anyone knows what it's like to struggle to pay for college, it's Calvin Tyler Jr. He enrolled at Baltimore's Morgan State College (now Morgan State University) in 1961 to pursue a degree in business administration. A lack of funds forced him to drop out two years...

Utah City Offers People With Parking Tix a Creative Fix

Utah's Heber City will nix parking tix for violators who donate at least 5 nonperishable food items

(Newser) - Over the past few weeks, police in Heber City, Utah, have doled out upward of 300 parking tickets to those who've parked in the street, despite a ban on doing so during snowstorms and immediately after. That's when local police decided to squeeze some good out of the...

She Died Without Heirs, Left $7.5M to Neighbors

Renate Wedel left her stock portfolio, property to her German neighborhood

(Newser) - There are good neighbors and there are bad neighbors, and then there's the late Renate Wedel, who surely has ascended to the level of "pretty great" in the eyes of those from the Germany community she lived in for decades. Wedel died last December at the age of...

Zuckerberg, Chan Just Gave Huge Boost to Election Setup

Goal of $300M donation: 'to preserve the integrity of our elections'

(Newser) - Mark Zuckerberg and Priscilla Chan are donating $300 million to help secure the November election. The majority of that—some $250 million—will go to the Center for Tech and Civic Life, a nonprofit that seeks to modernize US elections, according to a Tuesday announcement, per Axios . The remaining $50...

Museum Erupts Over Black Lives Matter

The Seattle Children's Museum is in tumult over social media posts

(Newser) - "Black Lives Matter"—until, apparently, they don't. That's what employees at the Seattle Children's Museum are complaining about after their anti-racist social media messages were edited at work, the New York Times reports. Now nine employees who went on strike out of protest have been...

Another Big Star Had COVID, Donates 'Liquid Gold'

Bryan Cranston of 'Breaking Bad' offers up his plasma to help virus patients fight the disease

(Newser) - He became famous for Breaking Bad, but don't expect Bryan Cranston to be breaking social-distancing protocol anytime soon. That's because the 64-year-old actor knows all too well how easy it is to contract COVID-19: He's what Rolling Stone calls one of the "lucky celebrities" who've...

Greta Turns Down 'More Money Than I Can Imagine'

$1.15M will go to green groups around the world

(Newser) - Greta Thunberg could be swimming in "more money than I can even begin to imagine." Instead, she'll donate $1.15 million to various projects addressing climate and ecological crises and those focused on sustainability. The 17-year-old climate activist was awarded the money as part of the Gulbenkian...

For Alex Trebek, $100K Was Just the Beginning

The 'Jeopardy!' host keeps giving to a cause he believes in

(Newser) - Alex Trebek showed his support for fighting homelessness in Los Angeles this week by handing over a dazzling $500,000 check, CNN reports. The Jeopardy! host was touring an under-construction shelter in North Hollywood on Tuesday with his wife, Jean, and son Matthew when he surprised his host with the...

America's 'Painful' Times Inspire One CEO to Take Action

Reed Hastings and wife Patty Quillin donate $120M

(Newser) - The top guy at Netflix and his wife just made a major donation to black colleges and say they hope others will do the same, NBC News reports. Company CEO Reed Hastings and Patty Quillin said Wednesday they're giving $120 million to two historically black colleges and the United...

Trump's Press Secretary Reveals a Little Too Much

Kayleigh McEnany put some private information on display

(Newser) - President Trump's press secretary revealed a little more than she bargained for Friday while displaying a check written by her boss, NBC News reports. Kayleigh McEnany was announcing which government agency will be the lucky recipient of Trump's $100,000 quarterly salary: "Here is the check,"...

Jack Dorsey Spends Big on Universal Basic Income

Twitter CEO donates $5M to be distributed through Andrew Yang's program

(Newser) - Jack Dorsey, the billionaire CEO of Twitter and Square, is donating $5 million to the nonprofit created by Andrew Yang to make the case for a universal basic income in America. Dorsey, a donor to the former Democratic presidential candidate's campaign, announced the donation to Humanity Forward while appearing...

Rapper's $200K Donation to Hungry Kids Is Rejected

Tekashi 6ix9ine, convicted of involvement with 13-year-old, says it's 'cruel'

(Newser) - Fresh out of prison, rapper Tekashi 6ix9ine is getting a lot of attention. He's set an all-time record for a Instagram live stream with more than 2 million viewers; the music video for his new song "Gooba" became the fastest by an American artist to reach 100 million...

Thunberg Steps Up With Big Bucks for 'Child-Rights Crisis'

Teen activist to donate a recent $100K award to UNICEF to help kids affected by virus

(Newser) - Greta Thunberg announced last month she may have been infected with the coronavirus and recovered, and now the teen activist is making a push to help other kids affected by COVID-19. Thunberg recently received a $100,000 award from the Human Act, a Danish anti-poverty NGO, and now the Local...

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