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Athletes Put Billionaires to Shame During Coronavirus Pandemic

While the 50 richest Americans have donated less than .1 percent of their wealth during the coronavirus pandemic, per CNBC, athletes have been far more generous. For context, American’s billionaires became $434 billion richer from mid-March to mid-May, via CNBC, yet one-third of the 50 richest people in America have yet to donate anything during the pandemic.

On the other side, athletes are using their platform and wealth (albeit nothing compared to billionaires) for good.

The idea that these billionaires, who have literally an endless supply of money, could solve so many issues stemming from coronavirus (or any other issue before coronavirus, there are plenty!) but just sit on the sidelines is absolutely ridiculous and needs more attention.

People need to hold billionaires (and large corporations) accountable.

For example, look at UnitedHealth Group. The largest healthcare company in the world by revenue posted its best quarterly earnings in history despite the United States seeing 138,000+ coronavirus deaths during the pandemic.


As such, MeidasTouch is starting a discussion on Reddit and wants everyone involved. We want to hear everyone’s voice and help illuminate the voices that don’t have the money or the platform to be heard.

DISCUSSION: Should billionaires be giving back more to society? Which billionaires do you think have done a good job of giving back to society and which haven’t? from MeidasTouch

About Ryan Lipton

Ryan is a student at the University of North Carolina at Chapel Hill majoring in Business Journalism. He has written in the past for SB Nation’s Silver and Black Pride, USA Today Sports Media Group, North Carolina Business News Wire, the Daily Tar Heel, and has worked with Ice Cube’s BIG3 basketball league. Ryan is also a regular contributor to MeidasTouch.com

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