How Are The Billionaires Helping Out With COVID-19

There’s a lot of bad news out there and most of them have to do with COVID-19. Wherever you are you’re either already inconvenienced by it or you will be soon. That’s the nature of a global pandemic. We’re all affected. Some of us are practising social distancing, some of us are on quarantine, but a lot of us are very anxious about it and are trying our best to help those who are at high risk as much as we can, by either staying at home and not spreading the virus or helping out with the shopping for older people or those with compromised immune systems. But what are the rich people doing? Are billionaires doing their part and using their money for the greater good? Let’s see, shall we?

1. Bill Gates

Being the second richest person in the world means you can really help out people in crisis. Bill Gates has been going on in his Ted Talks and interviews about his worry about global pandemics for years now and he was right. So now it’s time to act and Gates Foundation announces that they are pledging up to $100 million to help detect the virus, isolate people who need to be isolated and help find a treatment or possibly a vaccine.

2. Ted Leonsis

Billionaire, CEO of Monumental Sports & Entertainment, owner of multiple NBA and Hockey teams, Ted Leonsis said he’s going to still pay all the employees their salaries for March, even though most of them are not working currently as many sporting events have been canceled due to the spread of the virus. It might seem like a small gesture, but in the light of many people losing their jobs, this is actually pretty decent.