&gt; if he&#x27;s really giving 99% of his wealth to charity<p>By &quot;charity&quot; he means himself, his own charity foundation.  He&#x27;s basically putting the money in another pocket and calling it charity. It&#x27;s a tax avoidance scam. Cheaper to give away 10% a year in the guise of charity than actually pay the taxes you&#x27;d owe.