‘Nobody needs $1b’: Wave of tech money to reshape philanthropy
Daniel Petre believes the “tech wealthy” are on the cusp of transforming philanthropy as hundreds of people cash in $10 million to $100 million in venture capital returns.
Antonia Ruffell and Daniel Petre say the tech wealthy are increasingly giving large chunks of their fortunes away. They hope that will become the norm. Wolter Peeters
Dimitry Tran counts himself among the lucky ones. Lucky to have parents who were maths teachers; lucky he won a scholarship from Vietnam to Australia; lucky he met billionaire Paul Ramsay at university; and lucky Ramsay told him he needed more than “book smarts” before he’d hire him.
“I think whoever says it’s all talent thinks too highly of themselves; there are a lot of talented people and there are a lot of hardworking people,” says Tran, who used his luck to found tech start-up Harrison.ai with his brother Aengus.
Fiona BuffiniPremium Content, Features EditorFiona Buffini is editor of Premium Content and Features. She is the former Editor of The Australian Financial Review, digital editor and news director. Email Fiona at fbuffini@afr.com
