Tim Schwab, an investigative journalist, has been exploring the influence of wealthy philanthropists through his writings and interviews. His 2023 book, “The Bill Gates Problem: Reckoning with the Myth of the Good Billionaire,” argues that Bill Gates is not as benevolent as he appears. According to a review in The Giving Review, the book claims Gates is “neither who you think he is, nor is he who he wants you to think he is.”
In a 2023 article for The Baffler titled “Big Philanthropy,” Schwab describes how wealthy individuals use philanthropy to maintain their status. He writes that these philanthropists have an unchecked ability to use charity for political influence without much oversight.
Schwab points out that the Gates Foundation has given over $500 million in donations to groups that support the philanthropic sector’s interests and publicize its contributions. This approach allows billionaires like Gates to wield significant political power while enjoying tax benefits and public praise.
During a recent conversation with Michael E. Hartmann, Schwab discussed Melinda French Gates’ departure from the Gates Foundation following her divorce from Bill Gates. Schwab noted, “Another stunning development since the publication of my book is that Melinda Gates, like Warren Buffett, has jumped ship.” Despite her departure, Schwab believes Melinda’s philanthropic views align closely with Bill’s.
Schwab also commented on recent policy discussions about philanthropy reform. He expressed support for certain aspects of a House budget bill proposing a tiered increase in federal excise taxes on private foundations’ net investment income. However, he clarified his position by stating, “I’m not endorsing Trump’s tax bill—the net effect of which, I think, will actually expand and enhance Gates’ personal wealth.”
He sees this legislative proposal as a rare chance to hold large foundations accountable. Schwab mentioned that insiders at the Gates Foundation are concerned about potential scrutiny from Trump’s administration.
Reflecting on broader attitudes toward philanthropy reform, Schwab observes growing criticism from both sides of the political spectrum. He notes that this convergence might lead to unexpected alliances pushing for changes in how extreme wealth influences society.
This discussion originally appeared in The Giving Review on June 26, 2025.