How One Billionaire Lost Millions And Left Underserved Scholarship Students In Limbo
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Forbes
4.8 • 6 Ratings
🗓️ 24 April 2024
⏱️ 20 minutes
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| 0:00.0 | Hi, my name is Jachim Watanyini, and I am a staff writer on the wealth team here at Forbes. |
| 0:07.0 | Today I'm here with my colleague Mad Duro. |
| 0:08.0 | Hey Mad. |
| 0:09.0 | Hey, Mad. |
| 0:10.0 | Hey, Mad. |
| 0:11.0 | And we're here to talk about our recent investigation on the Schuller Education |
| 0:14.3 | Foundation. So to get started, Matt, let's talk a bit about the foundation |
| 0:19.8 | and sort of how we learned about the story in the first place. |
| 0:22.4 | Sure. sort of how we learned about the story in the first place. |
| 0:23.1 | Sure. |
| 0:24.7 | So Jocomo had actually written a story |
| 0:28.3 | about Jack Schuller, the founder of the foundation |
| 0:31.2 | a few years back. |
| 0:33.0 | I think it was early 2021. |
| 0:36.0 | He joined our billionaires list for the first time |
| 0:39.0 | thanks to, so basically he was nearly 30 years ago the former president of |
| 0:46.7 | Abit Laboratories a health care giant and after being fired from there sort of |
| 0:51.7 | reinvented himself as a pharmaceutical and health care |
| 0:55.0 | investor. So you know over three decades or so he did well enough investing |
| 1:01.8 | health care stocks to make our billionaires list for the first time |
| 1:06.1 | So that is sort of how he became acquainted with him at the very beginning |
| 1:11.0 | And as part of Giacomo's story, you know, around that time his foundation had made a big |
... |
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