Billionaires like to work with groups of like-minded individuals when it comes to investment, business, and philanthropy. This trend is growing rapidly. For instance, Warren Buffett and Jorge P. Lemann (Brazil’s biggest billionaire) have joined to buy doughnut store chain Tim Horton’s as well as food giant Kraft Heinz.
“The Giving Pledge,” the Buffett-led campaign to ask the world’s richest to give away most of their wealth in life, has 160 of the world’s prominent billionaires and families that are committed to philanthropy. Analysts say that these ultra-rich individuals leverage their networks and focus not just on wealth creation but also on making a positive social impact.