NEW YORK (November 24, 2015) – Forbes’ fourth annual Philanthropy (cover date: Dec. 14) magazine issue looks at the most generous givers and how they are changing our world. Last June, at the Forbes 400 Summit on Philanthropy, Forbes brought together 200 billionaires and near-billionaires, plus a handful of leading social entrepreneurs, to discuss disruptive business models in philanthropy. Ten Big Ideas to Change the World (p.105) presents an inside look at what happens when you put altruistic billionaires, legendary entertainers and Noble Prize-worthy game changers in one room for a day to talk about disruptive ideas regarding philanthropy.
The cover story, The First Woman of Women (p.96), profiles Melinda Gates, co-chair of the Bill and Melinda Gates Foundation, the wealthiest, most charitable and far-reaching private foundation in history. It has a $41.3 billion endowment and distributed $3.32 billion in total grants in 2013. But behind the big numbers lies a deeply personal story of transformation. Over the past few years Gates has increasingly embraced her unique position of having her name on the letterhead — and all the power and prestige that comes with it. Her endgame is nothing less than a new era of global gender equality that will benefit individual women, families and communities all the way upstream to the global economy. Melinda Gates has become the most powerful person on the planet whose singular mission is to end poverty through empowering women and girls.
ALSO IN THIS ISSUE:
- The 40 Richest Entrepreneurs Under 40 (p.38) — Young, gifted and very, very rich. (Also highly likely to live in California and work in tech. Surprised?) Many either created or work for some of today’s hottest tech companies, including Uber, AirBnB, Fitbit, GitHub, Instacart and Pinterest.
- The Last Days of Marissa Mayer? (p.116) – Forbes looks inside Yahoo and its decline under CEO Marissa Mayer’s tenure. In the most recent quarter, net revenue dipped 8% and search, a major priority of Mayer’s, declined 13%. Overall traffic has continued to inch downward, and none of Yahoo’s new mobile apps has yielded new users or revenue on the scale anticipated. Yahoo needs to offset declines elsewhere in its business. Yahoo is being left in the dust not only by giants like Google and Facebook, but also by relatively new entrants like Instagram, Snapchat and even the beleaguered Twitter. Forbes takes a look at what’s in store for Yahoo.
- Subprime Supremo (p. 124) – Don Hankey has become a billionaire by charging sky-high interest on subprime car loans; now he’s moving into the sharing economy, partnering with Uber.
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