WEALTHY MILLENNIAL HEIRS ARE NOW BEING TAUGHT "IMPACT INVESTING" AT HARVARD | WHAT REALLY HAPPENED

WEALTHY MILLENNIAL HEIRS ARE NOW BEING TAUGHT "IMPACT INVESTING" AT HARVARD

Rich millennial heirs can now learn "impact investing" as part of a joint course run by Harvard and the University of Zürich, in collaboration with the World Economic Forum, according to Wealth Professional Canada.

The course, being held at Harvard University's Kennedy school, requires some of the heirs to capitalism's greatest fortunes to pass an interview, before ponying up $12,000 for a week of classes in the US and Switzerland, not including airfare and lodging. Some more intensive related courses cost $58,000.

The program started in 2015 and has barely been advertised since its founding. Instead, word-of-mouth through old money networks and among European royalty has kept the program popular. According to WPC, alumni of the program include "Chung Kyungsun, grandson of Hyundai Group’s founder, and Antonis Schwarz, who came into his fortune aged 16 when the drugmaker his great-grandfather helped found was sold for 4.4 billion euros ($5 billion)."

This group represents a small portion of the "quiet insurgency" of the world's wealthy millennials. As other millennials seek to protest climate change and inequality, these capitalists are focused on trying to gain the skills to make impact investments that not only benefit society, but also turn a profit. The push has come as a part of rising pressure on the world's wealthiest citizens to be more charitable. The widening inequality gap has also sprayed fuel on the fire of these arguments, prompting political divisiveness and increased charitable contributions from corporations worldwide.

High net worth individuals will have almost $70 trillion at their disposal by the year 2021, according to Ernst & Young LLP.

Webmaster's Commentary: 

And I would almost be willing to bet you one plugged, Turkish Piaster regarding this; there will be utterly no scholarships, even for "go fund me" entrepreneurs, to get a perspective of how much the monied really have.

THAT is not information which the monied - and privileged - ever want to get out.

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