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Now, in the red corner: Bill Gates & Warren Buffett,  ranked the #2 & #3 wealthiest people in the world
In the blue corner: Carlos Slim (a Mexican business tycoon), #1 on that list

Earth’s three wealthiest people are in an intense philosophical boxing match right now about how to best help the world with their massive fortunes.
Earlier this year, Gates & Buffett created significant buzz when they announced their pledge to give away “the majority of their wealth to philanthropy.” Over 40 other billionaires have joined them. This pledge will result in billions of dollars funneling into charities across the globe. But, not all billionaires agree with their approach.
The most prominent of these billionaires is Carlos Slim, who made provocative comments in response to Gates and Buffet:

The only way to fight poverty is with employment. Trillions of dollars have been given to charity in the last 50 years, and they don’t solve anything. To give 50%, 40%, that does nothing.”

Slim’s comments have served to magnify the criticisms levied by many economists and academics in recent years: Entrepreneurship, not aid, is what truly solves problems and alleviates poverty. The accomplishments of charity, they argue–despite its very noble intentions–pale in comparison to the accomplishments of businesses  in creating jobs, raising incomes and improving the lives of poor people around the world. In some cases, they argue, charity has actually done more harm than good in alleviating poverty.
It’s a very interesting debate. As someone who works in the “space between” entrepreneurship and charity, I have enjoyed following the conversation between these heavyweights. More personal opinions to come on this issue, but I’m curious: What are your thoughts?
(Carlos Slim, despite his comments, has given more to charity than just about anyone else in the world. His specific criticisms were toward the billionaire’s pledge to give more than 50% of their wealth to philanthropy.)