Oxfam Would Take 150 Years to Raise as Much for Charity as 8 Billionaires

Oxfam this morning launches an attack on eight billionaires whose wealth they label “grotesque“, claiming this “super-rich elite are able to prosper at the expense of the rest of us“. Guido has done some cursory digging and found that the eight billionaires lambasted by Oxfam have made at least $60 billion in charitable donations. By contrast Oxfam spends around £300 million a year on charitable causes. It would take more than 150 years for Oxfam to raise as much for charity as the eight billionaires they condemn today.

  1. Bill Gates, founder of Microsoft: More than $27 billion dollars in charitable donations, some 48% of his net worth, saving some 6 million lives fighting malaria and polio.
  2. Amancio Ortega, founder of Inditex: More than $95 million in charitable donations.
  3. Warren Buffett, CEO, Berkshire Hathaway: More than $21.5 billion in charitable donations.
  4. Carlos Slim Helu, owner of Grupo Carso: More than $4 billion dollars in charitable donations.
  5. Jeff Bezos, founder, Amazon: More than $25 million dollars in charitable donations, invests hundreds of millions in not-for-profit ventures.
  6. Mark Zuckerberg, co-founder of Facebook: More than $1.6 billion in charitable donations.
  7. Larry Ellison, co-founder, Oracle: More than $564 million dollars in charitable donations.
  8. Michael Bloomberg, founder, Bloomberg LP: More than $4.22 billion dollars in charitable donations.
Sources: The IndependentForbes, WealthX

Once again it falls to Guido to point out the wholesale transfer of political operatives to the charity sector is backfiring. In 2014 the Charity Commission found Oxfam guilty of failing to maintain their political neutrality over their anti-Tory electioneering. Oxfam’s policy director Richard Pyle is a Labour supporter whose Facebook likes include LGBT Labour and a string of Labour candidates, MPs and MEPs. Oxfam’s treasurer David Pitt-Watson was Labour’s Finance Director for two years and was even appointed General Secretary of the party. The Red Cross secured a week of anti-Tory headlines with its overblown claims that the NHS is experiencing a “humanitarian crisis”, its new head of media is the left-wing former Guardian journalist Polly Curtis. Today’s Oxfam report effectively endorses Jeremy Corbyn’s new policy position, slamming pay ratios at FTSE 100 companies. People aren’t taking the naked political spin of the Labour-centric third sector seriously. It says it all that the best media hit Oxfam had today was the front page splash on the communist Morning Star…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Douglas Carswell tells Kay Burley…

“I have been tediously, rigidly and boringly consistent.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

£170 Million HS2 Contract Scrapped After Guido Pressure £170 Million HS2 Contract Scrapped After Guido Pressure
Triggered: Article 50 Triggered: Article 50
Mili-Binned: As it Happened Mili-Binned: As it Happened
Legs-It Is Not Bigotry, It’s Popular Journalism Legs-It Is Not Bigotry, It’s Popular Journalism
Paul Mason Loses IPSO Complaint Against The Sun Paul Mason Loses IPSO Complaint Against The Sun
Amber Rudd & Fleet Street Don’t Understand Encryption Amber Rudd & Fleet Street Don’t Understand Encryption
Sunday Shows Sunday Shows
Watch: Brillo’s Message to Terrorists Watch: Brillo’s Message to Terrorists
Channel 4 and Guardian Sanctimony Backfires Channel 4 and Guardian Sanctimony Backfires
We’ve Named the Wrong Man: Channel 4 News in Shocking Blunder We’ve Named the Wrong Man: Channel 4 News in Shocking Blunder
PICTURED: Minister Tobias Ellwood Gives CPR PICTURED: Minister Tobias Ellwood Gives CPR
Westminster Attack – How it Happened Westminster Attack – How it Happened
Gallery Guido’s PMQs Sketch Gallery Guido’s PMQs Sketch
HS2 Gravy Train Rides Again HS2 Gravy Train Rides Again
Three of Five Gorton Candidates Back Iranian Government Three of Five Gorton Candidates Back Iranian Government
Get The Look: May in Vogue Get The Look: May in Vogue
Exclusive: Jon Lansman was at Unite HQ Just Two Weeks Ago Exclusive: Jon Lansman was at Unite HQ Just Two Weeks Ago
Leaked UKIP Memo: Candidates Must Leave Social Media Leaked UKIP Memo: Candidates Must Leave Social Media
Guido Investigation: Trojan Horse at the Heart of Birmingham Labour Party Guido Investigation: Trojan Horse at the Heart of Birmingham Labour Party
“St Patrick was an Immigrant” “St Patrick was an Immigrant”