One of the world's most high-profile investors is launching a crowdfunding campaign to raise $1 billion for a charity that aims to alleviate poverty around the world, the BBC reports.
Anthony Scaramucci is putting his money where his mouth is: He's offering to give away his entire stake in the IXO charity to anyone who can raise at least $1 billion by the end of the year.
The crowdfunding campaign, which has already raised more than $7.3 million, will continue until the end of the year, according to a press release.
The IXO charity, which aims to alleviate poverty in sub-Saharan Africa by providing infrastructure for small businesses to create positive social change, says it plans to give away its tokens, which can be used to invest in projects that have a positive impact on the environment or people's lives.
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