Everyone is reacting to the title. Authors don’t choose their own titles. Neither the article nor the former billionaire mentioned broke.

Please read a bit further and consider the plan as it actually was conceived, a plan to give away virtually all of his money in his lifetime. Don’t let the headline writer spin you.

Literally the first paragraph clarifies the plan:

> As a philanthropist, he pioneered the idea of Giving While Living—spending most of your fortune on big, hands-on charity bets instead of funding a foundation upon death.