On a crisp morning in October, some dozen students with wildly diverse backgrounds and know-how filed into the purple-brick building of Harvard University’s Kennedy School. Three things united them: they were young, wanted to do precisely, and were all staggeringly rich. The group began attending a joint route run with the aid of Harvard and the University of Zurich, collaborating with the World Economic Forum.
Called “Impact Investing for the Next Generation.” In this context, that era method was the heir to some of capitalism’s most enormous fortunes. Participants needed to skip an interview before paying up to $12,000 per week of training within the U.S. And Switzerland, now not along with airfares and board. A more intensive related path fee is $58,000.
The software has barely been advertised because of its founding in 2015, and the phrase is unfolded through old-cash networks and among European royalty. Alums consist of Chung Kyungsun, grandson of Hyundai Group’s founder, and Antonis Schwarz, who came into his fortune aged 16 while the drugmaker his grandfather based became sold for four. Four billion euros ($5 billion). The graduates represent a quiet insurgency of the various world’s wealthy millennials.
As their friends march to protest climate change and inequality, those privileged few are arming themselves with the competencies and arguments they need to convince their households — frequently against bankers’ advice — to make more “effect investments” that are designed to benefit society in addition to flip an income.
