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Richard Blum

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  1. Milken Institute1h 1m

    From Aid to Investment: New Models in Development Finance

    Glenn Yago, Richard Blum, Michael Kashani, Jonathan Medved, Stephanie von Friedeburg, Aubrey Ruby, Chukwu The Ugu, Elizabeth Hausler, Henry Lee

    The Global Conference convened to address the $5 trillion to $7 trillion annual investment gap required to achieve the UN Sustainable Development Goals by shifting from traditional humanitarian aid to sustainable financing models that attract private capital. Key outcomes included the launch of a $10 billion Asset Management Company, the democratization of venture capital through a platform enabling $10,000 minimum investments, and strategic policy shifts in Israel and Africa to establish new development finance institutions and regional digital infrastructure. By integrating advanced technologies like AI-driven healthcare and satellite census data with novel financial instruments such as green and gender bonds, the event established a framework for scaling impact investing while maintaining financial returns.

  2. Milken Institute56 min

    Global Overview: Navigating a World in Transition

    Gillian Tett, Thomas Barrack, Lord Mandelson, Hiro Mizuno, Ed Royce, Peter Mandelson, Bill Hanway, Richard Blum

    Global leaders Tom Barrack, Lord Mandelson, and Ed Royce convened to analyze existential threats including systemic cyber vulnerability, nuclear proliferation, and political fragmentation eroding the post-WWII order. Panelist Hiro Mizuno and others highlighted divergent strategies ranging from "dynamite diplomacy" to target rule violators against calls for systemic reform, while also noting a historic pivot in the Japanese pension fund away from government bonds toward global equities. The discussion culminated in a focus on legislative countermeasures like the BUILD Act and new African development initiatives to counter China's predatory trade models and mitigate long-term human capital failures.