{
  "id": 4717088,
  "title": "Billionaire Coinbase CEO Boasts That He Would Never Donate to Charity",
  "url": "https://urgent.news/2026/08/31/billionaire-coinbase-ceo-boasts-that-he-would-never-donate-to-charity",
  "topic": "world",
  "section": "World",
  "published": "2026-08-31T21:16:38.000Z",
  "source": {
    "name": "Futurism",
    "slug": "futurism",
    "url": "https://futurism.com/future-society/billionaire-coinbase-ceo-brian-miller-charity-philanthropy-crypto"
  },
  "original_language": "en",
  "account": "In the United States, historically, wealthy individuals, despite their personal flaws, have participated in philanthropy to quell public discontent. Noteworthy examples include Andrew Carnegie, who built libraries, John D Rockefeller, who funded research that led to the eradication of hookworm, and JP Morgan, who donated extensive art and book collections to museums and cultural institutions. However, the modern-day \"robber barons\" are not embracing a philanthropic spirit. While some figures like Microsoft's Bill Gates continue to be active, they appear to be the exception rather than the rule. During an appearance on the right-wing Katie Miller Podcast, Coinbase CEO Brian Armstrong expressed his disdain for charity, labeling it as \"a 'net negative on the world'.\" Armstrong, whose net worth is estimated at around $8.7 billion, placing him in the top 1 percent of the top 1 percent, stated that he has no intention of engaging in philanthropic activities. He believes that many charities and philanthropic organizations inevitably become \"captured by ideology.\"",
  "summary": "He called it a \"net negative on the world.\" The post Billionaire Coinbase CEO Boasts That He Would Never Donate to Charity appeared first on Futurism .",
  "key_points": [
    "Coinbase CEO Brian Armstrong says he would never donate to charity",
    "Armstrong estimates his net worth at $8.7 billion, placing him in top 1%",
    "He believes charities become \"captured by ideology\""
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}