5. Money doesn’t buy maturity.
I can’t end this post without mentioning Elon Musk’s recent attempt to buy Twitter. Whether it was to give him free reign to be as obnoxious as he wants without being removed (I don’t buy the “free speech” claim) or was just another publicity stunt, I think it’s an abhorrent way to flaunt the wealth he’s accumulated.
Last October, Musk tweeted that he’d sell his Tesla stock and donate the proceeds to the UN if they could demonstrate exactly how his money would be spent. They explained how he could help end world hunger (and it would only take a small percentage of his fortune). Since that time, reports have surfaced that Musk sold some of his stock, but he has not said where the proceeds have gone, and the U.N. says they have not received a donation.
Should adults with great wealth (I’m looking at you, Bezos, Zuckerberg, Musk, the Waltons, etc.) follow the lead of peers like Bill Gates and Warren Buffet? Should they give back? Is that the responsibility of an adult with great wealth?