By Raj Kumar | As much as billionaires might like to think of their giving as an unalloyed good, their philanthropy will increasingly be a subject of controversy and a political issue itself. In the United States, where more than half of all billionaires live, even our president among them, there is growing concern that our political system is being undermined by the divide between the billionaire class and everyone else. That has, in turn, put major US philanthropy in the spotlight, as three recent books make clear.
As a child in India, Devex founding president and editor in chief Raj Kumar witnessed desperate poverty, an experience that has fed his interest in how the global aid industry can better meet the needs of the world’s nearly eight hundred million ultrapoor children and adults. Today, with a wave of billionaire philanthropy and the rise of tech disruption in the aid industry, Kumar argues that ending extreme poverty by 2030, a United Nations Sustainable Development Goal, is increasingly possible.