finance
Scott Galloway Says One in Three Billionaires Have Escape Plans
Entrepreneur Scott Galloway stated that roughly one-third of billionaires maintain private exit plans. He urged the ultra-wealthy to focus resources on improving conditions on Earth rather than preparing for collapse.
May 25, 3:01 PM·1m read1 source
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Entrepreneur and professor Scott Galloway said during a recent appearance on the podcast "The Diary Of A CEO" that he estimates one in three billionaires maintain some form of exit plan. Galloway described these arrangements as including private jets, remote bunkers, and properties in locations such as New Zealand.
He stated that individuals with such plans have spent tens of millions of dollars and have detailed procedures for rapid departure in the event of major disruption.
1 percent of the population with the greatest resources are not invested in the health of American society. He noted that many ultra-wealthy individuals have access to private travel, concierge healthcare, elite schools, and private security, which separate them from the public systems used by most people.
He argued that these advantages reduce the incentive for the wealthiest to address broader societal problems.
Galloway also discussed artificial intelligence, stating that some companies may be overstating AI risks to support fundraising and high valuations. He said AI is already changing legal review, customer service, and administrative work. Galloway identified loneliness as the largest downside of AI, noting that younger people are increasingly substituting online alternatives for real-world relationships.
