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A comment on What do wealthy people buy, that ordinary people know nothing about? (2015). Parent comment
Those are called philanthropic charities - research institutes or the like. Some of the very rich have them.
Edit: the town I was born in had a Carnegie Library[1].
Edit 2: the point being that the very rich buy social status and respect.
1. https://www.nzgeo.com/stories/carnegie-libraries/
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Those are called philanthropic charities - research institutes or the like. Some of the very rich have them.
Edit: the town I was born in had a Carnegie Library[1].
Edit 2: the point being that the very rich buy social status and respect.
1. https://www.nzgeo.com/stories/carnegie-libraries/