When Epstein's travel companion said he was going to give way all his money, some people thought he meant something different from this.
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The 8,900-square-foot pad, with 3,400 square feet of outdoor space, was bought via a Seattle-based trust connected to Gates last month, Gimme Shelter can reveal.
The massive penthouse is at the celebrity-approved 443 Greenwich St., and was formerly owned by Formula 1 race car champ Lewis Hamilton, who sold it to a different Seattle-based trust in November 2021 for $49.5 million.
That initial purchase was recorded shortly after Jennifer Gates — who boasts more than half a million follows on Instagram — married Olympic equestrian Nayel Nassar in October 2021 at her 124-acre, $16 million Westchester horse farm, which was a gift from her parents after she graduated from Stanford University. Gates and Nassar have since celebrated the birth of their first child. (In 2018, Jennifer Gates’ parents also bought her a $5 million apartment at 1212 Fifth Ave., which had once been home to Carmelo and La La Anthony, Gimme Shelter previously reported. That unit is now for sale, as The Post reported in December, via the same Seattle-based trust connected to Gates.)
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Our would-be philanthropist first made this brave promise in 2010, when he Warren Buffet took the same pledge. How’s he doing? Great, for himself (and his family).
Here’s a hostile article written by some unwashed socialist for Inc. Magazine. There’s lot to rebut in the full article, but his numbers and descriptions of the sham that these people are pulling off are “interesting”
A decade ago, Bill Gates and Warren Buffett launched the Giving Pledge, which they explain as "a commitment by the world's wealthiest individuals and families to dedicate the majority of their wealth to giving back."
According to the official website, some 210 billionaires and mega-millionaires have made the so-called pledge. Unfortunately, many of those billionaires are giving to fake charities that enrich themselves and all of them have helped structure the economy so that they accumulate wealth faster than they can possible give it away.
Bill Gates is a case in point. When he made the pledge in 2010, his net worth was $53 billion. Ten years later, his net worth is $115 billion. Bill Gates is 64 years old, so at this rate, he'll be worth $250 billion or more by the time he's supposed to have given away at least half his wealth.
Same thing with Warren Buffett, only much worse. In 2010, his net worth was $39 billion; today, his net worth is $82 billion. Buffett is 90 years old, so if he's planning on giving away at least half his wealth, he'd damn better well get crackin'!
There are three reasons the so-called Giving Pledge hasn't panned out.
1. Many billionaires give only to fake charities.
According to the decades-old think tank the Institute for Policy Studies:
A growing share of these high-end donations go not to the organizations that actually perform charitable work, but to tax-privileged private foundations and donor-advised funds that pay only a small percentage of their assets to support working charities. These vehicles offer substantial tax benefits to donors, but may then hoard most or all of these donations in their endowments, drastically limiting what's available to on-the-ground nonprofits.
In other words, many of the Giving Pledge billionaires are just giving back to themselves.
And even those who do give to real charities, like Bill Gates, tend dole it out in dribs and drabs and then insist upon controlling how it's spent. They thus become the bottleneck to distributing their money, thereby allowing their wealth to grow at a faster rate than their giving.
