Chamath Palihapitiya is No. 33 on the 2021 Maclean’s Power List, a ranking of 50 influential Canadians.In early April, as the pandemic devastated the global economy and governments considered how to respond, CNBC host Scott Wapner checked incredulously to make sure he was hearing his guest, Chamath Palihapitiya, correctly.
“Who are we talking about? We’re talking about a hedge fund that serves a bunch of billionaire family offices? Who cares? Let them get wiped out. Who cares? They don’t get to summer in the Hamptons? Who cares?” he said. “On Main Street today, people are getting wiped out. Right now, rich CEOs are not, boards that have horrible governance are not. Hedge funds are not. People are.”
They may not always like what he has to say, but when Palihapitiya talks, people listen. He has biting commentary on a lot of subjects, yet nothing but praise for Canada, particularly when it comes to its social safety net and his alma mater. And while he has a lot of negative feedback for capitalism in its current form, he uses market forces to put his massive wealth to work for the betterment of society.
Considering that freedom, Noble Chummar, a lawyer at Cassels Brock & Blackwell LLP and a friend of Palihapitiya’s, says the venture capitalist is exploring major investments in two areas: climate change and post-secondary education. In particular, Chummar says Palihapitiya is looking at ways to help bright students from around the world get Canadian educations.
chamath congrats chamath !
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