provider in California focusing on women and Black-owned businesses; it received $15 million from Scott this year.)
Whether or not a $15 million gift is truly equivalent to $1 billion is up for debate, but there is no doubt that Scott is single handedly upending the model of how billionaires give away fortunes while supporting causes that look to disrupt the status quo and promote social justice. She is also questioning the system that put her into this position of power. “We are all attempting to give away a fortune that was enabled by systems in need of change,” she said this summer.
At a time when billionaires like her ex-husband are blasting off to space, Scott is using her massive fortune to not only support nonprofits doing good work, but also to challenge the way wealth and power is accumulated in this country. “Putting large donors at the center of stories on social progress is a distortion of their role,” Scott wrote in the June post. “In this effort, we are governed by a humbling belief that it would be better if disproportionate wealth were not concentrated in a small number of hands, and that the solutions are best designed and implemented by others.”
Many of the world’s most powerful women still have to answer to someone else. In the case of U.S. Vice President Kamala Harris, it’s her boss, President Joe Biden. The president of the European Central Bank, Christine Lagarde, who is elected by leaders of the European Union, has an executive board tempering her decision-making process.
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