Ted Audio Collective.

I'm a professor at a prestigious business school in New York City,

and there's an exercise I often do with my students. I ask them to estimate

the global median household income. Then I ask them to zoom in. If this is your global estimate,

what about the median household income in your home country, in your city, in your neighborhood?

And every year, this yields the same results.

My students are taken aback by how wrong their

initial estimates are. The truth is a lot of people don't know where they stand in

the general hierarchy of earners. People often don't where they And if they did, they might be surprised by how much of an impact they could actually make on the world.

I'm Madupakinola. This is Ted Business. Our speaker today is philanthropic

advisor Natalie Cargill. Natalie believes in the transformational power of

philanthropy.

And in her TED Talk, she argues that if the global top 1% of earners gave away just 10% of their

income, or if the wealthy contributed 2.5% of their

net worth, we would be able to tackle some of the world's most seemingly

insurmountable problems.

Then after the talk, I'll discuss my own approach to giving.

But first, a quick break.

I'd like to start with a true anecdote which is that my friends have

genuinely asked me to stop sharing facts about wheat to our group chat. I know what's wrong with them. They must be mad.

But to be fair to them, they have been hearing a lot lately about wheat, wheat-related innovation, how it was funded by philanthropists,

and how it might have saved a billion lives.

...