BitMEX billionaire pledges majority of wealth to benefit humanity
BitMEX co-founder and Britain’s youngest self-made billionaire, Ben Delo, has joined Bill & Melinda Gates and Warren Buffet’s The Giving Pledge. As the crypto-industry’s first signatory to the pledge, Ben publicly dedicates the majority of his wealth to target catastrophic threats (e.g. nuclear war and extreme climate change), as well as potential risks from emerging tech such as engineered pandemics or advanced AI.
Delo co-founded BitMEX in 2014. The cryptocurrency derivatives trading platform offers professional investors, traders and miners the ability to exchange cryptocurrency risk. Now, having made billions from the growing cryptocurrency industry, Delo is pledging to donate the majority of his wealth to work protecting the long-term future of humanity.
Delo has signed The Giving Pledge, an initiative created by Bill and Melinda Gates and Warren Buffet, for billionaires who promise to donate the majority of their wealth to help address society’s most pressing problems. To date, nearly 200 signatories from 23 countries have taken the pledge. This includes many of the world’s most influential leaders and billionaires, including Michael Bloomberg, Marc Benioff, Elon Musk, Mark Zuckerberg and Priscilla Chan, Barron Hilton, and Ray Dalio.
How the funds will be used
Delo is the first Giving Pledge signatory to focus his pledge exclusively on safeguarding the long-term future of humanity. Inspired by Oxford philosopher William MacAskill and the Effective Altruism movement, Delo has embraced the mission of ‘doing the most good possible’ with his wealth.
As well as funding efforts to combat major threats, Delo will also collaborate with the Open Philanthropy Project, a research organisation and grant maker funded by fellow Giving Pledge signatories Dustin Moskovitz (co-founder of Facebook and Asana) and Cari Tuna, to identify and fund outstanding opportunities in this area. As Delo says, ‘All lives are valuable, including those of future generations. I expect that a vast and extraordinary future lies ahead if we can navigate the challenges and opportunities posed by new technologies in the upcoming century.’
Delo, aged 35, has already supported a number of organisations working to safeguard humanity, including the Center for Human-Compatible AI, one of the first academic research centres dedicated to the design of safe and reliably beneficial AI systems, as well as a collaboration between Johns Hopkins Center for Health Security and the Future of Humanity Institute on the mitigation and prevention of global pandemics.
Delo is also funding global priorities research, a growing interdisciplinary academic field that addresses how to do the most good with a given amount of resources. Last year, he provided seed funding for the Forethought Foundation, a new non-profit founded by William MacAskill, which aims to promote research within philosophy and the social sciences on how best to positively influence the long-term future.
As well as signing the Giving Pledge, Delo will also be joining the Giving What We Can community, whose members pledge at least 10% of their lifetime income to whichever organisations can most effectively use it to improve the lives of others.