The benefits of being wealthy are numerous and varied. Perhaps the most obvious is the ability to live a comfortable lifestyle and enjoy indulgences that only someone with money can enjoy, such as exotic vacations, spending sprees at the mall, and grown-up toys such as luxury cars and boats. However there is perhaps a responsibility involved with wealth.
Most truly wealthy people are major contributors, donors, and sponsors of various charitable foundations, many of which would not exist if it were not for the considerable donations of the wealthy. And many wealthy individuals actually create their own foundations. In 1999 Bill Gates, for example, merged several of his existing foundations that bore his name into one, the Bill and Melinda Gates Foundation, a philanthropy that was estimated in 2003 to be worth some $32 billion (Gates Pp). The foundation provides grants for projects relating to global health care, education...
[ View Full Essay]