Assets: "I lack respect for money"
The super-rich are considered a threat to democracy. Philanthropy consultant Andreas Schiemenz disagrees: Generosity is not a matter of account balance and the state is not all-competent.
Frank Schiemenz, who comes from a working-class family, has found access to wealthy individuals despite their reputation for being inaccessible. Through his work in wealth management, he aims to understand why some high-net-worth individuals in Northern Germany choose to donate part of their wealth, while others do not. Schiemenz believes that philanthropy can be a powerful tool for good, but acknowledges that the issue is often politicized, with some viewing wealthy individuals' philanthropic efforts as a way to exert influence or wash away past wrongdoing.
He argues that people from all walks of life should be encouraged to engage in philanthropy, regardless of their economic situation, and that a culture of generosity and community can be fostered through collective effort.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Assets: "I lack respect for money" handelsblatt.com
